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Kiplinger
Kiplinger
Business
Ben Demers

Heat Pumps vs Solar Panels: Which Saves You More on Energy Bills?

(Image credit: Getty Images)

Which is best for energy savings? We put heat pumps vs solar panels to the test. Both can improve your home's energy expenses, reduce your carbon footprint and crucially, save you money on your energy bills.

Heat pumps can be used to both cool and heat your home. They use electricity to extract heat from inside your home and pump it outside in the warmer months. In the colder months, they extract heat from the air and pump it into your home to keep you warm. They produce so much energy that they can dramatically reduce your dependence on your energy supplier and save you money on your energy bills, despite surging electricity costs.

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