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

In Massachusetts (31.2¢/kWh via Eversource / National Grid MA), a 2,000 sq ft home averages $1,597/year ($133/month) with a high-efficiency heat pump, $1,245/year with a natural gas furnace and central AC, and $4,840/year with electric baseboards.

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

At Massachusetts's natural gas rate of $2.05/therm, the economic break-even electricity price for a COP 3.1 heat pump is 23.6¢/kWh. Comparing this against Massachusetts's residential electricity rate of 31.2¢/kWh determines annual operating savings.

Massachusetts Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$133/mo

MA Electricity / Gas Rate

31.2¢ / $2.05

15-Yr Savings vs Baseboard

+$45,045

Massachusetts Annual Heating & Cooling Bills by Home Size

In Massachusetts, a 2,000 sq ft home averages $1,597/year ($133/mo) using a cold-climate heat pump ($1,511/yr winter heating + $86/yr summer cooling), compared to $1,245/year with a natural gas furnace and $4,840/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	$799/yr ($67/mo)	$622/yr ($52/mo)	$2,420/yr ($202/mo)	+$20,715
1,500 Sq Ft	$1,198/yr ($100/mo)	$933/yr ($78/mo)	$3,630/yr ($303/mo)	+$32,880
2,000 Sq Ft	$1,597/yr ($133/mo)	$1,245/yr ($104/mo)	$4,840/yr ($403/mo)	+$45,045
2,500 Sq Ft	$1,996/yr ($166/mo)	$1,556/yr ($130/mo)	$6,050/yr ($504/mo)	+$57,210
3,000 Sq Ft	$2,396/yr ($200/mo)	$1,867/yr ($156/mo)	$7,259/yr ($605/mo)	+$69,345
3,500 Sq Ft	$2,795/yr ($233/mo)	$2,178/yr ($182/mo)	$8,469/yr ($706/mo)	+$81,510

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Verify 2026 Federal 25C Tax Credit & Eversource / National Grid MA rebate eligibility and compare turnkey contractor pricing for a 3.0-Ton system (2,000 sq ft).

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