Yes, my state has incentives for heat pump installs and a special electric rate for heat pump users (for those who heat with electric only)

I got a smaller incentive for installing a heat pump in my family room but still keeping my gas furnace. Electricity is pretty expensive here so the tradeoff is about 45°F. Above that the efficiency of the heat pump wins out, but colder than that the furnace is cheaper.

I did try the heat pump when it was cold, and it still produced a respectable amount of heat at 20°F