That's highly dependent on your local electricity and gas prices. A quick google search tells me residential electricity in Germany costs about 2-3x what it doe

That's highly dependent on your local electricity and gas prices. A quick google search tells me residential electricity in Germany costs about 2-3x what it does where I live in the northwest US. We're on mostly government owned hydro power and electric prices have been stable for a long time, meanwhile gas keeps going up. EDIT: Did some quick math using my last power bill, at current prices a heat pump just needs to be about 2.9 average COP to beat gas in cost for me, if gas keeps going up that'll keep dropping!