Heat Pump Cost Formula:
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Definition: This calculator estimates the total cost of a heat pump based on the base installation cost, system size, and per-unit cost factor.
Purpose: It helps homeowners and contractors estimate heat pump installation costs for budgeting and comparison purposes.
The calculator uses the formula:
Where:
Explanation: The total cost combines fixed installation costs with variable costs based on system size.
Details: Accurate cost estimation helps in budgeting, comparing different systems, and securing financing for HVAC projects.
Tips: Enter the base installation cost, heat pump size in kW, and cost factor (default 150 currency/kW). Size must be > 0.
Q1: What's included in the base cost?
A: Base cost typically includes labor, basic installation materials, and fixed components like thermostats.
Q2: What's a typical cost factor?
A: Most systems range 100-200 currency/kW, with 150 being a common average for residential units.
Q3: How do I determine the right size?
A: Size should be based on heating/cooling load calculations for your space (typically 0.03-0.06 kW per sq ft).
Q4: Does this include rebates or incentives?
A: No, subtract any applicable rebates from the calculated total cost.
Q5: What currency should I use?
A: Use your local currency consistently for all inputs (USD, EUR, GBP, etc.).