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

In Wisconsin (18¢/kWh via We Energies / Alliant), a 2,000 sq ft home averages $1,095/year ($91/month) with a high-efficiency heat pump, $872/year with a natural gas furnace and central AC, and $3,336/year with electric baseboards.

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

At Wisconsin's natural gas rate of $1.22/therm, the economic break-even electricity price for a COP 3.1 heat pump is 14.0¢/kWh. Comparing this against Wisconsin's residential electricity rate of 18¢/kWh determines annual operating savings.

Wisconsin Heating & Cooling Cost Calculator (2026)

2,000 Sq Ft Heat Pump Bill

$91/mo

WI Electricity / Gas Rate

18¢ / $1.22

15-Yr Savings vs Baseboard

+$30,015

Wisconsin Annual Heating & Cooling Bills by Home Size

In Wisconsin, a 2,000 sq ft home averages $1,095/year ($91/mo) using a cold-climate heat pump ($1,051/yr winter heating + $44/yr summer cooling), compared to $872/year with a natural gas furnace and $3,336/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	$547/yr ($46/mo)	$436/yr ($36/mo)	$1,668/yr ($139/mo)	+$13,215
1,500 Sq Ft	$821/yr ($68/mo)	$654/yr ($55/mo)	$2,502/yr ($209/mo)	+$21,615
2,000 Sq Ft	$1,095/yr ($91/mo)	$872/yr ($73/mo)	$3,336/yr ($278/mo)	+$30,015
2,500 Sq Ft	$1,368/yr ($114/mo)	$1,090/yr ($91/mo)	$4,171/yr ($348/mo)	+$38,445
3,000 Sq Ft	$1,642/yr ($137/mo)	$1,307/yr ($109/mo)	$5,005/yr ($417/mo)	+$46,845
3,500 Sq Ft	$1,916/yr ($160/mo)	$1,525/yr ($127/mo)	$5,839/yr ($487/mo)	+$55,245

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

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