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

In Nunavut (35.4¢/kWh via Qulliq Energy Corporation), a 2,000 sq ft home averages $4,642/year ($387/month) with a high-efficiency heat pump, $3,619/year with a natural gas furnace and central AC, and $14,385/year with electric baseboards.

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

At Nunavut's natural gas rate of $2.4/therm, the economic break-even electricity price for a COP 3.1 heat pump is 27.6¢/kWh. Comparing this against Nunavut's residential electricity rate of 35.4¢/kWh determines annual operating savings.

Nunavut Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$387/mo

NU Electricity / Gas Rate

35.4¢ / $2.4

15-Yr Savings vs Baseboard

+$142,545

Nunavut Annual Heating & Cooling Bills by Home Size

In Nunavut, a 2,000 sq ft home averages $4,642/year ($387/mo) using a cold-climate heat pump ($4,639/yr winter heating + $3/yr summer cooling), compared to $3,619/year with a natural gas furnace and $14,385/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	$2,321/yr ($193/mo)	$1,810/yr ($151/mo)	$7,193/yr ($599/mo)	+$69,480
1,500 Sq Ft	$3,481/yr ($290/mo)	$2,714/yr ($226/mo)	$10,789/yr ($899/mo)	+$106,020
2,000 Sq Ft	$4,642/yr ($387/mo)	$3,619/yr ($302/mo)	$14,385/yr ($1,199/mo)	+$142,545
2,500 Sq Ft	$5,802/yr ($484/mo)	$4,524/yr ($377/mo)	$17,982/yr ($1,499/mo)	+$179,100
3,000 Sq Ft	$6,963/yr ($580/mo)	$5,429/yr ($452/mo)	$21,578/yr ($1,798/mo)	+$215,625
3,500 Sq Ft	$8,123/yr ($677/mo)	$6,334/yr ($528/mo)	$25,174/yr ($2,098/mo)	+$252,165

Launch Interactive Nunavut Calculator → View Nunavut 2026 HVAC Rebates & Install Costs →

💰 Up to $5,000 Rebate

Compare 3 Local Nunavut HVAC Installer Quotes

Verify 2026 Canada Greener Homes & Qulliq Energy Corporation rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

Compare NU Installer Quotes →

🛠️ Save 45% on Install