Electricity costs are a big factor in this, imo. Rates for my northeast town increased by ~25% in 2024 and are going up by another ~10% this year. It's a hard sell to spend a large amount of up-front money (even after rebates, which decreased this year) to convert to a system that will cost you more than you pay today, and may not work as well in cold weather (every heat pump company I talked to suggested keeping my…
A heat pump just makes no sense whatsoever for me in my northeast town. The electric bill alone would outpace the old propane bill, not to mention installation. And it won't even work during some of the coldest winter weeks when you _really_ need it to work. Maybe I would consider it if I was in, like, Nevada or somewhere.
(It is more expensive to operate than the natural-gas furnace was, though).