Oxford study proves heat pumps triumph over fossil fuels in the cold::Published Monday in the scientific journal Joule, the research found that heat pumps are two to three times more efficient than their oil and gas counterparts, specifically in temperatures ranging from 10 C to -20 C.
I don’t agree with generalizing that ROI is slow and small. There are too many variables here specific to each market, location, and home. Someone with an old propane or oil boiler that is already planning to buy a new AC will absolutely see massive ROI going with a heat pump. In the US, federal standards will make furnaces more expensive (condensing only soon) and heat pump costs can be heavily subsidized. I bought a new HP that was cheaper than my neighbors new AC/furnace after incentives, and my running costs will be lower.