Very cold climate

Heat pump running costs in Alaska

Residential electricity in Alaska averages 29.41¢ per kWh — 62% above the national average. Here's what that means for heat pump operating costs, and which models are cheapest to run in Alaska's climate.

Electricity price
29.41¢
#5 most expensive of 51
Typical 3-ton cost
$3,413
per year, median model
Most efficient
$2,300
same load, best model
Heating share
98%
of yearly energy use
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Cheapest heat pumps to run in Alaska

Ranked by estimated yearly cost if each model served the same 36,000 BTU/h (3-ton) load in Alaska, so size doesn't distort the comparison. Because Alaska's climate weights heating more heavily, HSPF2 (heating efficiency) matters most here. Choosing the most efficient model over the least efficient one in our database saves about $1,841 a year for the same load.

#ModelTypeSizeHSPF2SEER25°F kept3-ton cost/yr
1Fujitsu AOUH09KTAP1Mini-split1 ton1433.5142%$2,300
2Bryant 37MARAQ09AA3Mini-split1 ton13.919.678%$2,339
3Fujitsu AOUH12KTAP1Mini-split1 ton13.731.5106%$2,352
4Bryant 37MAHAQ09AA3Mini-split1 ton13.820.699%$2,353
5Bryant 37MARAQ18AA3Mini-split1.5 tons13.52071%$2,406
6Senville SENA-24HF-OGMini-split2 tons13.51983%$2,409
7Fujitsu AOUH15KTAP1Mini-split1 ton1328.7106%$2,480
8Mitsubishi Electric SUZ-AA09NL***Mini-split1 ton12.917.653%$2,522
9Senville SENA-09HF-OGMini-split1 ton12.521.496%$2,590
10Bryant 37MAHAQ18AA3Mini-split1.5 tons12.41890%$2,620
11Senville SENA-18HF-OGMini-split1.5 tons12.31890%$2,641
12Senville SENA/09HF/OQMini-split1 ton1220.290%$2,699

Best cold-weather performers for Alaska

Alaska is a very cold state, so heating dominates the bill and backup resistance heat is the biggest risk to running costs. These cold-climate certified models keep the most of their heating capacity at 5°F.

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Heat pump vs. gas furnace in Alaska

To heat the same home (3,000 full-load heating hours at 36,000 BTU/h) in Alaska, a typical heat pump (HSPF2 9.5) would cost about $3,343 a year, an efficient one (HSPF2 10) about $3,176, versus $1,421 for a 95% gas furnace and $1,687 for an older 80% furnace, at Alaska's average residential gas price of $12.96 per thousand cubic feet. With cheap gas and comparatively expensive electricity, gas heating is cheaper to run in Alaska. A dual-fuel system (heat pump plus gas backup) is often the lowest-cost setup here.

Typical heat pump$3,343
Efficient heat pump$3,176
95% gas furnace$1,421
80% gas furnace$1,687

Heating only; a heat pump also provides cooling, while a furnace needs a separate air conditioner. Gas prices: EIA, residential, annual average. Compare all states.

Assumptions for Alaska

Residential electricity price29.41¢/kWh (EIA Electric Power Monthly, Aug 2026, preliminary)
Climate groupVery cold
Equivalent full-load heating hours3,000 per year
Equivalent full-load cooling hours100 per year

Use the calculator on any model page to replace these with your own electricity rate and usage.

Frequently asked questions

How much does it cost to run a heat pump in Alaska?

Using Alaska's average residential electricity price of 29.41¢/kWh, a typical 3-ton, median-efficiency heat pump costs about $3,413 a year to run. The most efficient model in our database would cost about $2,300 for the same load.

Is electricity expensive in Alaska?

Alaska's residential rate of 29.41¢/kWh is 62% above the U.S. average of 18.16¢ and ranks #5 most expensive of 51 (EIA, August 2026).

Is heating or cooling the bigger cost in Alaska?

With our climate assumptions for Alaska (3,000 heating and 100 cooling hours), heating accounts for about 98% of a typical heat pump's yearly energy use.

Is a heat pump cheaper than gas heat in Alaska?

For a typical home, heating with an efficient heat pump costs about $3,176 a year versus $1,421 with a 95% gas furnace at Alaska's average prices. With cheap gas and comparatively expensive electricity, gas heating is cheaper to run in Alaska. A dual-fuel system (heat pump plus gas backup) is often the lowest-cost setup here.