Savings Formula:
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Definition: This calculator estimates the cost savings when upgrading to a heat pump with a higher SEER (Seasonal Energy Efficiency Ratio) rating.
Purpose: It helps homeowners and HVAC professionals evaluate the financial benefits of upgrading to more efficient heat pump systems.
The calculator uses the formula:
Where:
Explanation: The difference between your current system's operating costs and the projected costs of a new system shows your potential savings.
Details: Higher SEER ratings indicate more efficient systems. Each point increase in SEER rating can typically save 5-10% on cooling costs.
Tips: Enter your current system's annual operating cost and the projected annual cost for the new system. Both values must be > 0.
Q1: How do I find my current system's operating cost?
A: Check your utility bills or use our SEER Cost Calculator to estimate based on your system's SEER rating and usage.
Q2: What's a typical SEER rating for older systems?
A: Systems installed before 2006 typically have SEER ratings between 8-10, while modern systems range from 14-22.
Q3: How accurate are these savings estimates?
A: Estimates are based on ideal conditions. Actual savings may vary based on climate, usage patterns, and system maintenance.
Q4: Should I consider other factors besides SEER?
A: Yes, also consider HSPF (heating efficiency), system size, and features like variable-speed compressors.
Q5: How long until I recoup my investment?
A: Divide the new system's cost by your annual savings to calculate the payback period.