Heat pumps and furnaces are both great heating options for residential and commercial spaces. However, one might be a better fit for you based on your budget, available installation space, climate, and timeline.

Evaluate the following factors when choosing your heating system. 

• Cost – Heat pumps generally have lower operating and installation costs than furnaces. However, heat pumps tend to require more maintenance, while furnaces typically only need quick filter changes and vacuuming. 
• Size – Heat pumps are a good option if space is limited. When mounted outside, heat pumps only require about two feet of clearance, with indoor heat pumps needing even less! Furnaces need a bit more surface area and make a good option if you have ample installation space. 
• Performance – If you live in a colder climate, a furnace may be your best option. Because heat pumps transfer heat rather than generate it, they are better at handling moderate climates. Meanwhile, a furnace’s generative method makes them fit for more extreme temperatures.
• Lifespan – Furnaces tend to outlive heat pumps by upwards of five years. Heat pumps have an average lifespan of about 15 years when properly maintained. Meanwhile, furnaces can last upwards of 20 years with consistent maintenance.