how much will home value increase if you replace electric heat with a heat pump?
Friday, March 12th, 2010 at
3:54 am
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Yes, because a heat pump costs much less to run than straight electric heat. But you should look into costs of all the materials and labor needed to install the pump, then go to a good real estate company or two and ask them how much they think the home value would increase. If the balance is in your favor by at least $1000, then go for the heat pump.