I have electric hot air heat and I am wondering how much I can expect
save with a heat pump? Eastern TN, almost in the Smokies and the North
Carolina border. Elevation about 1650'. It's around 15 degrees warmer
on the west side of the smokies where I am than compared to the NC side.

I've managed to keep the electric bill below $115 most of the winters
when I turn down the central heat to 55-60 and use a small portable
electric heater in the room I am using. I would like to heat the whole
house to 68F. using a heat pump. I figure the heating portion of the
electric bill is about $75-$90. How much would that be with a heat
pump? If my rough figures are anywhere near accurate, it looks like I
won't break even for 15 to 20 years and that is without heating the
whole house to 68F.