1. What is an Air Source Heat Pump Cost Calculator?

Definition: This calculator estimates the total cost of an air source heat pump system in the UK, including installation and running costs over time.

Purpose: It helps homeowners and businesses evaluate the financial aspects of installing an air source heat pump compared to traditional heating systems.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Installation — Upfront cost of purchasing and installing the heat pump (£)
• Running — Annual operating cost including electricity (£/year)
• Years — Expected lifespan or evaluation period (years)

Explanation: The total cost combines the one-time installation expense with the cumulative running costs over the specified period.

3. Importance of Heat Pump Cost Calculation

Details: Proper cost estimation helps in budgeting, applying for grants, and comparing with alternative heating systems to make informed decisions.

4. Using the Calculator

Tips:

• Installation costs typically range from £7,000 to £13,000 in the UK
• Running costs depend on system efficiency, electricity prices, and heating requirements
• Typical lifespan is 15-20 years

5. Frequently Asked Questions (FAQ)

Q1: What affects installation costs?
A: System size, property type, existing infrastructure, and any required upgrades.

Q2: How can I reduce running costs?
A: Improve home insulation, choose a high-efficiency unit, and consider time-of-use electricity tariffs.

Q3: Are there government grants available?
A: Yes, check the Boiler Upgrade Scheme (BUS) which offers £7,500 towards installation.

Q4: How does this compare to gas boiler costs?
A: While installation is more expensive, running costs can be lower with proper system design.

Q5: Should I include maintenance costs?
A: Yes, add about £150-£300 per year for servicing to the running costs.