From what I know about Illinois weather, I sure wouldn't want an electric furnace there. I remember getting stranded for several days in your lovely state during the blizzard of '79. The "100 percent efficient" claim for the electric furnace is meaningless: ALL electric heaters are 100 percent efficent. A heat pump, on the other hand, will create more heat than it uses, although how much depends on the temperature. Yes, the auxiliary heat will kick on in lower temperatures, but even under the coldest conditions it will be more efficient than the electric furnace. One trick is to not change the thermostat more than a few degrees at a time. I think you can buy setback thermostats made specifically for heat pumps that will slowly adjust during the day to avoid kicking in the aux heat.
What fuels are available to you? A heat pump will be more expensive to operate than natural gas, but maybe not much more than propane.
Unless the fireplace is made for heating rather than looks, I wouldn't count on being able to heat with it.
Personally, I'd just rip out the electric furnace and replace it with a gas one.
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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