Running Cost Formula:
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Definition: This calculator estimates the operating cost of an air source heat pump based on heat load, coefficient of performance, and energy price.
Purpose: It helps homeowners and energy professionals estimate heating costs and compare efficiency of different systems.
The calculator uses the formula:
Where:
Explanation: The heat load is divided by the COP to get electrical energy consumed, then multiplied by energy price to get total cost.
Details: Accurate cost estimation helps in budgeting, system comparison, and evaluating energy efficiency improvements.
Tips: Enter the heat load in kWh, COP (default 3.5), and energy price (default 0.15). All values must be > 0 (COP > 0.1).
Q1: What is a typical COP value?
A: Modern ASHPs typically have COP between 2.5-4.0, varying with temperature and system efficiency.
Q2: How do I find my heat load?
A: Use heat loss calculations, previous energy bills, or consult a heating engineer for accurate figures.
Q3: Should I use current or projected energy prices?
A: For long-term planning, consider projected prices. For current estimates, use your actual tariff rate.
Q4: Does this include maintenance costs?
A: No, this calculates only energy costs. Maintenance is typically 1-2% of system cost annually.
Q5: How does outdoor temperature affect results?
A: COP decreases in colder weather. For accurate annual estimates, use seasonally-adjusted COP values.