Use this heat pump cost calculator to estimate the expenses involved in operating a heat pump for your home.
Heat Pump Cost Calculator
This calculator helps you estimate the annual cost of running a heat pump. Enter the heat pump’s power usage in kilowatts (kW), the average number of hours you run it daily, the number of days you operate it per year, and your energy cost per kWh. The estimated annual cost will be calculated upon hitting “Calculate”.
How to Use
1. Input the heat pump’s power usage in kW.
2. Enter the average daily operating hours.
3. Input the number of days you use the heat pump each year.
4. Enter the cost of electricity per kWh in your area.
5. Click on the “Calculate” button to see the estimated annual cost.
Calculation and Results
The result is calculated by multiplying the power usage by the daily operating hours, the number of operating days per year, and the cost of electricity per kWh. The formula used is: Annual Cost = Power Usage (kW) × Operating Hours × Operating Days × Energy Cost (per kWh).
Limitations
The calculator provides an estimated cost that may not reflect actual energy consumption, which can be affected by various factors such as heat pump efficiency, weather conditions, and the actual price of electricity which may vary over time. It does not take into account potential price tiers or changes in energy costs throughout the year.