Not a chance, my hydro bill goes up around $30/mo in the summer, not a big deal. Why spend all that money? On cool nights I open up all the window in the house so it's often later in the day before the A/C even kicks in and I have it set at 23.5°. Even with energy savings the cost of a new unit would take at least a decade to pay for it. In the winter I only run the furnace every so often to warm up the basement as the wood stove does a fine job heating the main floor. Temps below -20°C are common here in the winter so that heat pump wouldn't do a proper job. I also have 8 4x6 south facing windows that make a huge difference in the winter and I can put the blinds down in the summer. I also use propane for my hot water and kitchen range and I'm not giving that up.