You get to offset gas for your car with less expensive electricity. We save about $100 or more a month in gas. Electric baseboard heating would definitely be expensive. Our oil bill was getting crazy bad, and with the recent inflation it would have been that much worse. Our heat pump keeps things comfortable at home in the winter and summer. If it gets too chilly we can use a space heater as we need. Overall per year we are still saving hundreds going electric.
We love getting the refund. After making a concerted effort to install a heat pump myself and purchase an affordable EV it helps pay for about a month’s worth of electricity each time we get it. We don’t consume any carbon based fuels at our home any longer. So it’s a big bonus for us. Next up is solar panels I think.
This makes much more sense.