Full Title: Benefits of Heat Pumps for Colorado Homes
Author(s): Neil Kolwey, David Petroy
Publisher(s): Southwest Energy Efficiency Project (SWEEP)
Publication Date: February 18, 2022
Full Text: Download Resource
Description (excerpt):
SWEEP updated its study for 2022 on the benefits of heat pumps and heat pump water heaters (HPWHs) for Colorado homes, about 85% of which currently use gas for heating. Gas prices increased significantly in the second half of 2021, and as a result heat pumps and HPWHs are now much more cost-effective than they were only one or two years ago. In addition, heat pump and HPWH performance and availability have continued to improve. Efficient electric heat pumps and HPWHs have the potential to significantly reduce carbon and other pollutant emissions from Colorado homes, with a reasonable initial cost and without adversely affecting annual heating bills. Through our policy advocacy efforts and collaborative work with the Beneficial Electrification League of Colorado, SWEEP’s goal is to steadily increase the efficient electrification of homes and commercial buildings, and to help Colorado achieve its climate goals.