One of the big problems with heat pumps in New England is that our electricity costs 1.7x the US average ( https://www.eia.gov/electricity/monthly/epm_table_grapher.ph... ). If you're in the South, a heat pump makes perfect sense. You're going to want AC anyway and it'll be way more efficient and save a ton of money when you want heat. In most of the country, even if it gets cold your electricity prices are still a t…
It's a big problem for electric cars too... Here are the current prices per kwh for me in MA: Electricity = $.26 / kwh Propane (LPG) = .134 / kwh Heating oil = .095 / kwh Gasoline = .091 / kwh Natural Gas = .082 / kwh
An electric vehicle is on the order of 5X more efficient than a gasoline vehicle per kWh (that is, an EV that will go 5 km on 1 kWh of electricity would be lucky to get 1 km per kWh if it were running on gasoline).
So in this case, it's still cheaper to operate an EV than a gasoline vehicle in MA, even if electricity costs more per kWh.