1. What is a Heat Pump Saving Calculator?

Definition: This calculator estimates the potential savings when switching from a gas heating system to a heat pump in the UK.

Purpose: It helps homeowners and businesses evaluate the financial benefits of adopting more energy-efficient heat pump technology.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Savings \) — Annual savings in pounds sterling
• \( Gas\ Cost \) — Annual cost of gas heating
• \( Heat\ Pump\ Cost \) — Annual cost of heat pump operation

Explanation: The simple difference between your current gas heating costs and projected heat pump costs shows your potential savings.

3. Importance of Heat Pump Savings Calculation

Details: Understanding potential savings helps justify the initial investment in heat pump technology and supports energy transition decisions.

4. Using the Calculator

Tips: Enter your current annual gas heating costs and estimated annual heat pump running costs. Both values must be ≥ 0.

5. Frequently Asked Questions (FAQ)

Q1: What costs should I include in gas cost?
A: Include all gas heating-related expenses - boiler maintenance, standing charges, and actual gas usage costs.

Q2: How do I estimate heat pump costs?
A: Consider electricity costs (about 1/3 of gas per kWh), heat pump efficiency (COP), and any maintenance costs.

Q3: Does this include installation costs?
A: No, this compares annual running costs only. Installation would be a separate upfront cost calculation.

Q4: What's a typical saving in the UK?
A: Savings vary but average £200-£500 annually, depending on property size and insulation.

Q5: Are there government incentives?
A: Yes, check the Boiler Upgrade Scheme (BUS) which offers £7,500 grants for heat pump installations.