Cost to heat a house in Moncton, NB
In Moncton, a cold-climate heat pump costs about $1,638 a year to heat a typical 2,000 sq ft home, versus $2,366 with natural gas. That saves about $728/year. At an installed cost of about $15,000 CAD, the simple payback is roughly 21 years. It is shorter with rebates, or if you need to replace an old furnace or air conditioner anyway.
Annual heating cost, 2,000 sq ft home (CAD)
Average insulation, high-efficiency furnaces, cold-climate heat pump with a seasonal efficiency (COP) of 2.5 in Moncton's climate. Space heating only.
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1 GJ ≈ 26.4 m³ of natural gas ≈ 9.48 therms. US gas bills in therms: $/therm × 9.48 = $/GJ.
Heating cost by home size in Moncton
| Home size | Heat pump | Natural gas furnace | Propane furnace | Heating oil furnace | Electric baseboard |
|---|---|---|---|---|---|
| 1,000 sq ft | $819 | $1,318 | $1,768 | $3,535 | $2,063 |
| 1,500 sq ft | $1,228 | $1,842 | $2,652 | $5,303 | $3,095 |
| 2,000 sq ft | $1,638 | $2,366 | $3,535 | $7,071 | $4,127 |
| 2,500 sq ft | $2,047 | $2,890 | $4,419 | $8,838 | $5,159 |
| 3,000 sq ft | $2,456 | $3,414 | $5,303 | $10,606 | $6,190 |
Month-by-month heating cost
Most of the bill lands in the coldest months. In January, a 2,000 sq ft home in Moncton needs about 15.6 GJ of heat.
| Month | Avg temp | Heat pump | Natural gas furnace | Propane furnace | Heating oil furnace | Electric baseboard |
|---|---|---|---|---|---|---|
| Jan | -8.4°C | $328 | $387 | $615 | $1,230 | $718 |
| Feb | -7.6°C | $285 | $345 | $543 | $1,087 | $634 |
| Mar | -2.6°C | $225 | $307 | $480 | $960 | $560 |
| Apr | 3.6°C | $135 | $215 | $325 | $649 | $379 |
| May | 10.0°C | $72 | $135 | $190 | $381 | $222 |
| Jun | 15.3°C | $30 | $73 | $85 | $171 | $100 |
| Jul | 19.3°C | $13 | $45 | $37 | $74 | $43 |
| Aug | 18.7°C | $15 | $48 | $43 | $87 | $51 |
| Sep | 14.2°C | $37 | $84 | $104 | $207 | $121 |
| Oct | 8.1°C | $90 | $160 | $232 | $465 | $271 |
| Nov | 2.1°C | $153 | $235 | $358 | $717 | $418 |
| Dec | -4.4°C | $254 | $332 | $522 | $1,043 | $609 |
Energy prices used
- Electricity: 16.61¢/kWh CAD — Hydro-Québec, Comparison of Electricity Prices in Major North American Cities 2025 (1,000 kWh/month, excl. taxes)
- Natural gas: $22.26/GJ (≈ 84.2¢/m³) plus ~$22.5/month fixed charge — Utility rate notices (FortisBC Jan 2026, Enbridge EGD Apr 2026, Liberty NB Aug 2026) and D-Central heating fuel index (CC BY 4.0)
- Heating oil: $2.60/L — Statistics Canada, Saint John, NB price, September 2026, incl. taxes (prices by city)
- Propane: $0.95/L — Natural Resources Canada average heating oil $1.76/L and propane market estimate $0.95/L (Aug 2026, via Liberty Utilities NB) (estimate; no official city series)
Change any price in the calculator above to match your bill. Prices exclude sales tax.
Frequently asked questions
How much does it cost to heat a house in Moncton?
For a typical 2,000 sq ft home with average insulation, expect roughly $1,638 to $7,071 CAD per year depending on the system. The cheapest option at current prices is the heat pump ($1,638/year).
Is a heat pump worth it in Moncton?
In Moncton, a cold-climate heat pump costs about $1,638 a year to heat a typical 2,000 sq ft home, versus $2,366 with natural gas. That saves about $728/year. At an installed cost of about $15,000 CAD, the simple payback is roughly 21 years. It is shorter with rebates, or if you need to replace an old furnace or air conditioner anyway.
How much does heating cost per month in Moncton in winter?
In January, heating a 2,000 sq ft home costs about $328 with a heat pump, $387 with natural gas and $1,230 with heating oil (CAD).
How cold does it get in Moncton?
The average January temperature in Moncton is -8.4°C (17°F). The city has about 4,706 heating degree-days a year (base 18°C).