Perhaps you should ask the question, Who has the oldest working heat pump? My son just bought a house with a 15 year old heat pump and the building inspector thinks it may be not long for this world because of it's age.
Heat pumps are expensive, geo-heat pumps even more. I'm not sure it's worth it, unless your electric company gives you a price break in the winter months and the government gives you a tax incentive. Then I still wouldn't have one.
I use the Kiss theory, Keep It Simple Stupid. Some places require landlords to put you their tenants up in a motel, if they are without heat for more than 24 hours or so. I have rentals and have over insulated, up graded doors and windows, and have electric base board heaters in every room. Very cheap to install and in 30 years I've had to replace 2 $15 thermostats. No such thing as a blower motor going out, ignitor failure, filters to replace, expensive service calls. Totally worry free. KISS!.
I have a 2200 sq ft total electric home with electric base board heat in every room in west centeral Indiana. Last month's bill was $155. Keep house around 62. Bedroom 65.
You want to save money, call an insulator and blow another foot of insulation in your attic. I know many insulators that work with contractors. They will blow attics for $.45/cubic ft. That's an R38. Best investment you will ever make. My last attic cost me $.55/sq ft and it was 15 inches deep.
You can't buy fiberglass insulation that cheep. Job is done in minutes and you don't have to get in the attic.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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