1. What is a Heat Pump Savings Calculator?

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

Purpose: It helps homeowners and businesses compare heating costs between traditional gas systems and more efficient heat pumps.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

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

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

3. Importance of Heat Pump Savings Calculation

Details: Calculating potential savings helps justify the upfront investment in a heat pump system and understand the payback period.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my gas heating costs?
A: Check your utility bills for annual gas consumption and costs, or contact your gas provider for historical data.

Q2: How do I estimate heat pump operating costs?
A: Consult with heat pump installers who can provide estimates based on your home's size, insulation, and local electricity rates.

Q3: Does this include installation costs?
A: No, this compares only annual operating costs. Installation costs would factor into your overall return on investment calculation.

Q4: Are there government rebates available in Canada?
A: Yes, check the Canada Greener Homes Grant and provincial programs for potential rebates that could improve your savings.

Q5: How accurate is this calculator?
A: It provides a basic comparison. For precise estimates, consult with HVAC professionals who can assess your specific situation.