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

In Quebec (8.3¢/kWh via Hydro-Québec (Tarif D)), a 2,000 sq ft home averages $550/year ($46/month) with a high-efficiency heat pump, $1,091/year with a natural gas furnace and central AC, and $1,684/year with electric baseboards.

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

At Quebec's natural gas rate of $1.45/therm, the economic break-even electricity price for a COP 3.1 heat pump is 16.7¢/kWh. Comparing this against Quebec's residential electricity rate of 8.3¢/kWh determines annual operating savings.

Quebec Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$46/mo

QC Electricity / Gas Rate

8.3¢ / $1.45

15-Yr Savings vs Baseboard

+$13,410

Quebec Annual Heating & Cooling Bills by Home Size

In Quebec, a 2,000 sq ft home averages $550/year ($46/mo) using a cold-climate heat pump ($534/yr winter heating + $16/yr summer cooling), compared to $1,091/year with a natural gas furnace and $1,684/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	$275/yr ($23/mo)	$546/yr ($46/mo)	$842/yr ($70/mo)	+$4,905
1,500 Sq Ft	$412/yr ($34/mo)	$818/yr ($68/mo)	$1,263/yr ($105/mo)	+$9,165
2,000 Sq Ft	$550/yr ($46/mo)	$1,091/yr ($91/mo)	$1,684/yr ($140/mo)	+$13,410
2,500 Sq Ft	$687/yr ($57/mo)	$1,364/yr ($114/mo)	$2,104/yr ($175/mo)	+$17,655
3,000 Sq Ft	$825/yr ($69/mo)	$1,637/yr ($136/mo)	$2,525/yr ($210/mo)	+$21,900
3,500 Sq Ft	$962/yr ($80/mo)	$1,910/yr ($159/mo)	$2,946/yr ($246/mo)	+$26,160

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