Heat pumps are the most efficient form of electric heating in moderate climates, providing three times more heating than the equivalent amount of energy they consume in electricity. There are three types of heat pumps: air-to-air, water source, and ground source.
They collect heat from the air, water, or ground outside your home and concentrate it for use inside. Heat pumps do double duty as a central air conditioner. They can also cool your home by collecting the heat inside your house and effectively pumping it outside. A heat pump can trim the amount of electricity you use for heating by as much as 30% to 40%.
Heat Pump Tips
Do not set back the heat pump's thermostat manually if it causes the electric resistance heating to come on. This type of heating, which is often used as a backup to the heat pump, is more expensive.
Clean or change filters once a month or as needed, and maintain the system according to manufacturer's instructions.
$ Long-Term Savings Tip: If you use electricity to heat your home and live in a moderate climate, consider installing an energy-efficient heat pump system.
Source: U.S. Department of Energy - Energy Efficiency and Renewable Energy