> But still more expensive than gas in most areas?
Using numbers from the non-profit Efficiency Maine, with natural/methane gas at $2.561 per CCF (therm), and electricity at $0.1595 per kWh, standard efficiency heat pumps have better $/MMBtu down to about 0F/-18C, and high performance HPs down to about -10F/-25C, per this presentation:
Generally: if you're buying new HVAC+D equipment for your home, you might as well buy a heat pump instead of a 'simple' AC unit, and there are heat pumps that can work down below freezing quite well (which is probably good enough for most of the US population, except in the coldest locations).
Using numbers from the non-profit Efficiency Maine, with natural/methane gas at $2.561 per CCF (therm), and electricity at $0.1595 per kWh, standard efficiency heat pumps have better $/MMBtu down to about 0F/-18C, and high performance HPs down to about -10F/-25C, per this presentation:
* https://www.youtube.com/watch?v=OcwIz6heDss&t=39m30s
You'll have to do the math with your local prices. The same channel also has a presentation on dual fuel / hybrid setups:
* https://www.youtube.com/watch?v=T_9P3Dn7is0
Generally: if you're buying new HVAC+D equipment for your home, you might as well buy a heat pump instead of a 'simple' AC unit, and there are heat pumps that can work down below freezing quite well (which is probably good enough for most of the US population, except in the coldest locations).