How much does it cost to heat and cool a 2,000 sq ft home in Utah?

In Utah (13.2¢/kWh via Rocky Mountain Power), a 2,000 sq ft home averages $641/year ($53/month) with a high-efficiency heat pump, $669/year with a natural gas furnace and central AC, and $1,903/year with electric baseboards.

Are heat pumps cheaper to run than gas furnaces in Utah?

At Utah's natural gas rate of $1.18/therm, the economic break-even electricity price for a COP 3.1 heat pump is 13.6¢/kWh. Comparing this against Utah's residential electricity rate of 13.2¢/kWh determines annual operating savings.

Utah Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$53/mo

UT Electricity / Gas Rate

13.2¢ / $1.18

15-Yr Savings vs Baseboard

+$15,330

Utah Annual Heating & Cooling Bills by Home Size

In Utah, a 2,000 sq ft home averages $641/year ($53/mo) using a cold-climate heat pump ($577/yr winter heating + $64/yr summer cooling), compared to $669/year with a natural gas furnace and $1,903/year with electric baseboards.

Home Size	Heat Pump (COP 3.1)	Gas Furnace + AC	Baseboard + Window AC	15-Yr Heat Pump Savings
1,000 Sq Ft	$320/yr ($27/mo)	$335/yr ($28/mo)	$951/yr ($79/mo)	+$5,865
1,500 Sq Ft	$480/yr ($40/mo)	$502/yr ($42/mo)	$1,427/yr ($119/mo)	+$10,605
2,000 Sq Ft	$641/yr ($53/mo)	$669/yr ($56/mo)	$1,903/yr ($159/mo)	+$15,330
2,500 Sq Ft	$801/yr ($67/mo)	$837/yr ($70/mo)	$2,378/yr ($198/mo)	+$20,055
3,000 Sq Ft	$961/yr ($80/mo)	$1,004/yr ($84/mo)	$2,854/yr ($238/mo)	+$24,795
3,500 Sq Ft	$1,121/yr ($93/mo)	$1,172/yr ($98/mo)	$3,330/yr ($278/mo)	+$29,535

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Verify 2026 Federal 25C Tax Credit & Rocky Mountain Power rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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