Over its lifetime, yes, but initial cost of a heat pump is higher.

If they’re replacing a boiler in a hot water system it can either be a bit more expensive or a LOT more expensive. If it’s pumping heat into the water it’s not so bad. But if you have to run duct work or put up a bunch of mini splits costs start going way up.

But if it’s a hot air system it shouldn’t be much more than adding A/C, and if it already has A/C it’s just a reversing valve.

The premise of the video is basically saying that with the available grants in the UK, it's possible to save money making the conversion.

That’s excellent to hear. Sticker shock is a big reason people don’t use heat pumps

I keep hoping the government finaly implements their promise to shift taxes from electricity to fossil fuels.

Yeah, but I think the government is failing in regards to heat pumps. Especially with the heat wave, if they promoted the fact that heat pumps can heat and cool, people who at least get the chance to be sticker shocked.

I think I just saw something today about no more tax on a utility. I can't recall for sure though, so don't hold me to it.

UK is doing that now. My bills going to drop to under £75/month at this rate, with a heat pump and I had the gas connection removed years ago.

I kinda wonder what that means for the gas network longer term as more people disconnect from it. They still need to maintain the same pipes under the road and I won't be paying for it, but some of my neighbours still do. Will their fee to maintain it have to go up at some point?

People should not be looking at the purchase price, they should be looking at total long term costs. Especially since the US is not going to stop random wars anytime.

Of course, until the economics of gas make no more sense.

If you don’t have the money for the initial purchase you’re never going to see the savings because you’ll never buy it

Pretty sure it doesn't make much sense today. £100 a year just to have a connection and that is before you even use it for anything.

Heat pumps are far more efficient so even before the electricity tax cut its cheaper to run. Then the savings on having a gas connection too are huge.

And for steak fans who think gas is necessary, charcoal/wood is better. £100 a year would buy a massive gas canister for cooking over, or a massive delivery of firewood.