Heat Pump Cost Formula:
From: | To: |
Definition: This calculator estimates the operating cost of a heat pump based on its heat output, efficiency (COP), electricity cost, and operating time.
Purpose: It helps homeowners and HVAC professionals estimate energy costs for heating or cooling with a heat pump system.
The calculator uses the formula:
Where:
Explanation: The formula converts BTU output to kW, accounts for heat pump efficiency, then calculates cost based on electricity price and runtime.
Details: Accurate cost estimation helps with budgeting, comparing systems, and understanding energy efficiency benefits.
Tips: Enter the heat pump's output in BTU/h, its COP (typically 3-4 for modern systems), your electricity rate, and expected operating time.
Q1: What is COP and where do I find it?
A: COP (Coefficient of Performance) measures efficiency. It's in your heat pump's specifications, typically ranging from 2.5 to 5.0.
Q2: Why 3412 in the formula?
A: This converts BTU/h to kW (1 kW = 3412 BTU/h), needed to calculate electrical consumption.
Q3: What's a typical electricity cost?
A: Average U.S. rates are $0.10-$0.30/kWh. Check your utility bill for exact rates.
Q4: How do I estimate operating time?
A: For seasonal estimates, calculate average daily runtime × days used. For short-term, use actual expected hours.
Q5: Does this include installation or maintenance costs?
A: No, this only calculates operating (energy) costs. Other expenses should be considered separately.