1. What is Heat Pump Savings?

Heat Pump Savings refers to the cost difference between your previous heating/cooling system expenses and the new heat pump system expenses. It helps determine the financial benefits of switching to a heat pump.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• \( Previous\ Cost \) — Your annual or monthly cost with the old system ($)
• \( Heat\ Pump\ Cost \) — Your annual or monthly cost with the heat pump ($)

Explanation: The calculation shows how much money you're saving by using a heat pump compared to your previous system.

3. Importance of Calculating Savings

Details: Understanding your savings helps evaluate the return on investment for a heat pump system and make informed decisions about energy efficiency upgrades.

4. Using the Calculator

Tips: Enter your previous system's cost and your heat pump's cost in dollars. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What time period should I use for costs?
A: Use consistent time periods (both monthly or both annual) for accurate comparison.

Q2: Should I include installation costs?
A: This calculator compares operational costs. For total ROI, consider adding installation costs separately.

Q3: What if my savings are negative?
A: Negative savings mean your heat pump costs more to operate than your previous system.

Q4: How accurate is this calculation?
A: It's a basic comparison. For precise analysis, consider seasonal variations and maintenance costs.

Q5: Can I use this for commercial systems?
A: Yes, as long as you input accurate cost data for both systems.