Cheapest heat pumps to run in New Jersey
Ranked by estimated yearly cost if each model served the same 36,000 BTU/h (3-ton) load in New Jersey, so size doesn't distort the comparison. Because New Jersey'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 $1,192 a year for the same load.
| # | Model | Type | Size | HSPF2 | SEER2 | 5°F kept | 3-ton cost/yr |
|---|---|---|---|---|---|---|---|
| 1 | Fujitsu AOUH09KTAP1 | Mini-split | 1 ton | 14 | 33.5 | 142% | $1,377 |
| 2 | Fujitsu AOUH12KTAP1 | Mini-split | 1 ton | 13.7 | 31.5 | 106% | $1,417 |
| 3 | Fujitsu AOUH15KTAP1 | Mini-split | 1 ton | 13 | 28.7 | 106% | $1,505 |
| 4 | Bryant 37MAHAQ09AA3 | Mini-split | 1 ton | 13.8 | 20.6 | 99% | $1,543 |
| 5 | Bryant 37MARAQ09AA3 | Mini-split | 1 ton | 13.9 | 19.6 | 78% | $1,554 |
| 6 | Bryant 37MARAQ18AA3 | Mini-split | 1.5 tons | 13.5 | 20 | 71% | $1,580 |
| 7 | Senville SENA-24HF-OG | Mini-split | 2 tons | 13.5 | 19 | 83% | $1,601 |
| 8 | Senville SENA-09HF-OG | Mini-split | 1 ton | 12.5 | 21.4 | 96% | $1,648 |
| 9 | Mitsubishi Electric SUZ-AA09NL*** | Mini-split | 1 ton | 12.9 | 17.6 | 53% | $1,689 |
| 10 | Senville SENA/09HF/OQ | Mini-split | 1 ton | 12 | 20.2 | 90% | $1,724 |
| 11 | Bryant 37MAHAQ18AA3 | Mini-split | 1.5 tons | 12.4 | 18 | 90% | $1,729 |
| 12 | Senville SENA-18HF-OG | Mini-split | 1.5 tons | 12.3 | 18 | 90% | $1,740 |
Heat pump vs. gas furnace in New Jersey
To heat the same home (1,800 full-load heating hours at 36,000 BTU/h) in New Jersey, a typical heat pump (HSPF2 9.5) would cost about $1,679 a year, an efficient one (HSPF2 10) about $1,595, versus $935 for a 95% gas furnace and $1,110 for an older 80% furnace, at New Jersey's average residential gas price of $14.21 per thousand cubic feet. With cheap gas and comparatively expensive electricity, gas heating is cheaper to run in New Jersey. A dual-fuel system (heat pump plus gas backup) is often the lowest-cost setup here.
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 New Jersey
| Residential electricity price | 24.61¢/kWh (EIA Electric Power Monthly, Aug 2026, preliminary) |
| Climate group | Mixed-humid |
| Equivalent full-load heating hours | 1,800 per year |
| Equivalent full-load cooling hours | 900 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 New Jersey?
Using New Jersey's average residential electricity price of 24.61¢/kWh, a typical 3-ton, median-efficiency heat pump costs about $2,203 a year to run. The most efficient model in our database would cost about $1,377 for the same load.
Is electricity expensive in New Jersey?
New Jersey's residential rate of 24.61¢/kWh is 36% above the U.S. average of 18.16¢ and ranks #10 most expensive of 51 (EIA, August 2026).
Is heating or cooling the bigger cost in New Jersey?
With our climate assumptions for New Jersey (1,800 heating and 900 cooling hours), heating accounts for about 76% of a typical heat pump's yearly energy use.
Is a heat pump cheaper than gas heat in New Jersey?
For a typical home, heating with an efficient heat pump costs about $1,595 a year versus $935 with a 95% gas furnace at New Jersey's average prices. With cheap gas and comparatively expensive electricity, gas heating is cheaper to run in New Jersey. A dual-fuel system (heat pump plus gas backup) is often the lowest-cost setup here.