What Is the Most Affordable Heating Option?

April 12, 2023

Energy costs are going up in 2023, cutting into your household budget.

Heating makes up almost 30 percent of the average homeowner’s utility bill, according to the U.S. Department of Energy (DOE). As a result, many homeowners are asking, “What’s the cheapest way to heat my home?”

The answer is multifaceted—we’ll try to break it down for you in this article. Do you have any other specific questions about heating, ventilation, and air conditioning (HVAC)? Get in touch with your local Carrier Factory Authorized Dealer today.

What’s the Most Affordable Energy Type for Heating?

As of 2023, natural gas is the cheapest form of energy for heating, according to recent estimates from the National Energy Assistance Directors Association (NEADA). Electrical heating ranked second, followed closely by propane; while oil came in last. 

If you’re in the market for a new gas furnace, we recommend a high-efficiency system such as the Carrier Infinity® 98 furnace. It has a 98.5 percent AFUE rating, meaning nearly all of the gas it burns goes directly to heating.

Pair it with a Carrier Smart Thermostat, to enjoy maximum comfort and convenience—while cutting your utility costs!

How Can I Save on My Heating System Installation? 

Thanks to the Inflation Reduction Act (IRA), you can save up to 30 percent on the installation costs of a new heating system this year through 2032. Under section 25C, here’s how the credits work: 

  • The model must meet the Consortium for Energy Efficiency (CEE)’s highest tier to qualify for the credit.
  • The credit is capped at $600 for gas furnaces and boilers.
  • The credit is capped at $2,000 for heat pumps. 

Want to learn more about which models qualify and how to apply for the credit? Contact a Carrier Factory Authorized Dealer near you. 

What’s the Most Energy-Efficient Heating System?

Heat pumps transfer energy rather than generate it by burning fuel, making them much more efficient than a gas furnace or boiler. A heat pump warms your home in the winter and cools it in the summer.

Heat pumps use electricity. Compared to a gas-burning furnace, a heat pump is much friendlier on the environment. You not only save on energy use, but you also reduce your home’s carbon footprint.

A Carrier dealer can replace your old furnace and AC unit with an Infinity 24 heat pump that connects directly to your existing ductwork. As stated above, the IRA offers a tax credit of up to $2,000 on qualifying heat pumps.

The Infinity 24 heat pump has a 24 SEER rating for cooling and a 13 HSPF rating for heating, making it one of the most energy-efficient products on the market today.

Find Professional HVAC Service Near You Today. 

We’re proud to serve homeowners in Arizona, Idaho, New Mexico, Nevada, Texas, and California. Need professional HVAC installation, replacements, repairs, or maintenance? Let’s Find a dealer near you.