Operating Cost Formula:
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Definition: This calculator estimates the operating cost of a heat pump based on energy load, coefficient of performance (COP), and energy price.
Purpose: It helps homeowners and HVAC professionals estimate energy costs for heat pump operation.
The calculator uses the formula:
Where:
Explanation: The energy load is divided by the COP to get actual energy consumption, then multiplied by the energy price to get the cost.
Details: Accurate cost estimation helps with budgeting, energy efficiency comparisons, and system performance evaluation.
Tips: Enter the energy load in kWh, COP (default 3.0), and energy price (default 0.15 currency/kWh). All values must be > 0.
Q1: What is COP in heat pumps?
A: COP (Coefficient of Performance) measures efficiency - higher COP means more efficient operation (typically 2-5 for heat pumps).
Q2: How do I find my heat pump's COP?
A: Check manufacturer specifications or energy guide labels. Seasonal COP may differ from rated COP.
Q3: Should I use average or real-time energy prices?
A: For estimates, average prices work. For precise calculations, use your actual tariff rates.
Q4: Does this include maintenance costs?
A: No, this only calculates energy costs. Maintenance costs should be considered separately.
Q5: How can I reduce operating costs?
A: Improve insulation, maintain optimal COP, use programmable thermostats, and consider time-of-use pricing.