I did not say the total cost of ownership is cheaper for a heat pump than for resistance heat. Obviously that depends entirely on the application. Let's say you live in southern California and you rarely need either heat or air conditioning; resistance heat will do fine and if you can live without air conditioning it's probably cheaper to go with resistance heat versus a heat pump. But let's move to the east coast, say North Carolina: Air conditioning is pretty much mandatory, and the incremental cost of a heat pump over an air conditioner is negligible. You'll save a ton of money heating with a heat pump over resistance heat, yet the cost of depreciation and repairs is about the same as if you'd installed only air conditioning.
I don't know why you bring up fossil fuels. The question was the relative efficiency of heat pumps versus resistance heat.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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