If you need 20kW and install a system that can output 20kW under the worst situation (resistive heating), you are probably averaging about 7kW of electric usage when the heating is on to generate 20kW (about 3:1 ratio on average)

Setting aside capital costs that's going to cost you 7kWh per hour of heating. An oil boiler will cost 20kWh per hour of heating.

If your oil costs 40c per litre/$1.50 per gallon and each litre delivers 10kWh, that's about 80c/hour to heat

If your electricity costs 10c per kWh, that's 70c/hour to heat, that's a win

If your electricity fosts 15c per kWh, that's $1/hour to heat, that's a loss

Absolutely - but the important thing is that you can actually get a 20kW gas boiler, but you can't get a consumer 20kW heat pump. You can buy the most expensive consumer heat pump you can find, and it won't do at all if you actually need 20kW. So you can as well save the money as you'll have to install a gas heater (or oil or wood heater) anyway.

> Absolutely - but the important thing is that you can actually get a 20kW gas boiler, but you can't get a consumer 20kW heat pump.

If even you could, you may not want to. Instead one external heat pump handle heads on the top floor, which is generally bedrooms, and not occupied during the day; a second external unit to handle heads on the main floor, which are generally not occupied overnight.

Each individual smaller unit runs less because the load is more focused in 'zones'.