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Brief description from Induction Furnaces Foundry above :
To be clear, you may have a different heating system, such as a boiler, heat pump, or active solar heating. If your heating system heats water and you have radiators, you have a boiler. A heat pump is basically an air conditioner that works in reverse. Keep in mind that many homes have a hybrid heating system, which combines the energy efficiency of heat pumps for mild weather with the powerful heating capacity of furnaces during more extreme temperatures.