1. What is a Solar and Heat Pump Savings Calculator?

Definition: This calculator estimates the combined savings from solar energy systems and heat pump installations.

Purpose: It helps homeowners and businesses evaluate the financial benefits of combining solar panels with heat pump technology.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Savings — Total combined savings in dollars
• Solar Savings — Annual savings from solar panel system
• Heat Pump Savings — Annual savings from heat pump installation

Explanation: The calculator simply adds the savings from both systems to show the combined financial benefit.

3. Importance of Savings Calculation

Details: Understanding combined savings helps in making informed decisions about energy efficiency investments and calculating return on investment.

4. Using the Calculator

Tips: Enter your annual savings from solar panels and heat pump separately. Both values must be ≥ 0.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my solar savings amount?
A: Check your solar panel monitoring system or utility bills comparing pre- and post-installation costs.

Q2: How do I calculate heat pump savings?
A: Compare your heating/cooling costs before and after heat pump installation, or use manufacturer estimates.

Q3: Do these savings include tax credits or rebates?
A: Typically no - this calculator focuses on ongoing operational savings, not one-time incentives.

Q4: Should I include maintenance costs?
A: For net savings, you could subtract annual maintenance costs from each system's savings before adding.

Q5: How accurate is this calculation?
A: It provides a basic estimate. For precise figures, consult with energy auditors or system installers.