Cost Comparison Formula:
From: | To: |
Definition: This calculator compares the operating costs of propane heating systems versus heat pump systems.
Purpose: It helps homeowners and professionals determine which heating method is more cost-effective based on local energy prices.
The calculator uses these formulas:
Where:
Explanation: The calculator normalizes costs to 100,000 BTU for fair comparison between different energy sources.
Details: Understanding relative costs helps in making informed decisions about heating systems, especially when considering new installations or replacements.
Tips: Enter current propane price per gallon, electricity cost per kWh, and your heat pump's COP (default is 3.0). All values must be > 0.
Q1: What is COP in heat pumps?
A: COP (Coefficient of Performance) measures heating efficiency. Higher COP means more efficient heat transfer.
Q2: What's a typical COP value?
A: Most modern heat pumps have COPs between 2.5-4.0, varying with outdoor temperature.
Q3: How do I find my local energy prices?
A: Check your utility bills or provider websites for current propane and electricity rates.
Q4: Does this include installation costs?
A: No, this only compares operating costs. Installation costs vary significantly between systems.
Q5: Why compare per 100,000 BTU?
A: This standard unit allows fair comparison between different energy sources measured in different units.