Have electric heat? Here’s how much you could save with heat pumps

Almost everyone’s power bills are going up, but if your home still relies on old-school electric resistance heat or a conventional electric water heater, you’re likely feeling it even more. A new report breaks down how much you could save by switching to a heat pump instead. A single-family home could save an average of $1,530 a year, or $23,000 over the lifetime of a heat pump, according to an analysis from the energy-focused nonprofit RMI. If every potential house across the U.S. made the s...