When looking to buy or rent a home, those who are advertising the property often incorrectly label the HVAC system which can make a huge difference in your energy bill.
The following is some information I hope you find useful to correctly identify the unit.
A heat pump is a single unit that works as an air conditioner in the summer and a heater in winter. In hot weather, a heat pump sucks heat energy out of the cold air inside the home and pumps it outside. In cold weather, it acts as an A/C in reverse — it sucks heat energy from the cold air outside and pumps it inside. When it is very cold outside, a heat pump needs help from a backup furnace. Nevertheless, homes with heat pumps generally have lower power bills.
The main part of a heat pump, the compressor, sits outside the house, and looks very similar to a typical A/C unit. Here are some ways to tell them apart. None of them are foolproof, so you may want to use more than one.
Set the thermostat for just a few degrees above the current temperature (in heating mode) and go outside to see if the compressor is running. If you go too many degrees up, the back up furnace will come on, so make just a small adjustment in temperature. The only time this would not work, is if it was very cold outside and the heat pump is in a defrost cycle.