For climates with moderate heating and cooling needs, heat pumps offer an energy-efficient alternative to furnaces and air conditioners. Like your refrigerator, heat pumps use electricity to move heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.

One of the biggest advantages of a heat pump over a standard heating ventilating and air conditioning (HVAC) unit is that there's no need to install separate systems to heat and cool your home. Heat pumps also work extremely efficiently, because they simply transfer heat, rather than burn fuel to create it. This makes them a little more green than a gas-burning furnace. And they don't just heat and cool buildings. If you've ever enjoyed a hot tub or heated swimming pool, then you probably have a heat pump to thank. They work best in moderate climates, so if you don't experience extreme heat and cold in your neck of the woods, then using a heat pump instead of a furnace and air conditioner could help you save a little money each month.