Propane-to-Heat-Pump — The Economics
At $4/gallon propane and 80% furnace efficiency, you're paying roughly $19 per million BTU of heat delivered. A cold-climate heat pump at a COP of 2.5 operating on Potomac Edison's rates costs approximately $6–$8 per million BTU — a 60–70% reduction in heating cost. On a 1,500-gallon-per-year propane home, annual savings often exceed $1,500.