Savings Formula:
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Definition: This calculator estimates the energy savings achieved by using a heat pump compared to traditional heating systems.
Purpose: It helps homeowners and energy professionals evaluate the potential cost savings when switching to heat pump technology.
The calculator uses the formula:
Where:
Explanation: The difference between your original system's energy use and the heat pump's energy use shows your potential savings.
Details: Calculating potential savings helps justify the investment in heat pump technology and predicts payback periods.
Tips: Enter your current system's annual energy consumption and the expected heat pump consumption. Both values must be > 0 and baseline should be ≥ heat pump energy.
Q1: What's considered good savings with a heat pump?
A: Typically 30-60% savings compared to electric resistance heating, or 20-40% compared to efficient gas systems.
Q2: How do I find my baseline energy consumption?
A: Check your utility bills for annual heating energy use or use our Baseline Energy Calculator.
Q3: How do I estimate heat pump energy use?
A: Multiply your baseline by the expected efficiency improvement (e.g., 0.5 for 50% savings).
Q4: Does this include seasonal performance variations?
A: No, this is a simplified calculation. For precise estimates, consult a professional energy audit.
Q5: Can I convert these savings to cost?
A: Yes, multiply savings by your electricity rate ($/kWh) to estimate dollar savings.