Cost Comparison Formula:
From: | To: |
Definition: This calculator compares the operating costs of heat pumps versus gas furnaces to help determine which system is more economical.
Purpose: It helps homeowners and contractors make informed decisions about heating system investments based on cost comparisons.
The calculator uses the formula:
Where:
Explanation: The calculator shows the potential savings from using a heat pump instead of a gas furnace over time.
Details: Understanding the cost difference helps in making energy-efficient choices that can save money in the long run while considering environmental impact.
Tips: Enter the annual operating costs for both systems, the number of years for comparison, and your currency. All cost values must be ≥ 0.
Q1: Which is typically cheaper to operate?
A: Heat pumps are generally more efficient and cheaper to operate in moderate climates, while gas furnaces may be cheaper in very cold climates.
Q2: What factors affect operating costs?
A: Energy prices, climate, system efficiency, and home insulation all significantly impact operating costs.
Q3: Should I consider installation costs too?
A: Yes, this calculator compares operating costs only. Factor in installation costs for a complete financial analysis.
Q4: How accurate are these calculations?
A: They provide estimates. Actual savings depend on many variables including changing energy prices and usage patterns.
Q5: What's the environmental impact difference?
A: Heat pumps typically have lower carbon emissions unless your electricity comes from coal-powered plants.