Heat Pump vs. Propane Furnace in Ontario (2026)

15-to-25 Year Equipment Lifespan & Utility Payback at 17¢/kWh (Hydro One / Toronto Hydro (OEB))

Head-to-Head Lifespan & Operating Cost Comparison (2,000 Sq Ft in Ontario)

Option A: Cold-Climate Heat Pump (15-Yr Lifespan)Install: $6,800 | Lifespan: 15 Yrs
Option A Annual & Monthly Utility Bill:$1,014/yr ($85/mo)
Option A 15-Year Total Cost (Install + 15 Yrs Bills):$22,010
Option B: Propane Furnace + Central AC (18-Yr Lifespan)Install: $7,200 | Lifespan: 18 Yrs
Option B Annual & Monthly Utility Bill:$2,070/yr ($173/mo)
Option B 15-Year Total Cost (Install + 15 Yrs Bills):$38,250
Ontario Tariff & Break-Even Threshold:17¢/kWh Elec | $1.35/therm Gas (Break-Even: 15.5¢/kWh)
15-Year Net Lifespan Verdict in Ontario:Cold-Climate Heat Pump saves $16,240 over 15 years
Interactive Heat Pump vs. Propane Furnace Graph in Ontario →
🛠️ Save 45% on Install

DIY Pre-Charged Ductless Mini-Split Kits

Avoid $3,500+ in ductwork labor. Calculate exact multi-zone mini-split BTU capacity for your 2,000 sq ft Ontario home.

Size DIY Mini-Split Kit →
☀️ Offset 17¢/kWh

Ontario Solar + Heat Pump Net-Zero Calculator

See how an 80%–100% rooftop solar net-metering array eliminates annual electric heating and cooling bills in Ontario.

Model Solar + Heat Pump ROI →

Other HVAC System Matchups in Ontario