Calculate Your Home's Heat Pump Energy Costs with Ease
Effortlessly Estimate Your Heat Pump Expenses
Discover how to efficiently manage your home’s energy consumption and costs with our intuitive heat pump calculator. Input your electricity rates and heat pump usage to get started.
The 3-ton Trane Resolute heat pump will use 3.2 kW for 8 hours a day over 30 days to heat a 1,800 sq ft home during November in Toronto.
Heat Pump Running Cost Calculator
Auto filled rates are current prices in Toronto
Calculate Cost of Running a Heat Pump
Understanding the Calculator
How to Use Our Energy Cost Calculator
Our energy cost calculator helps you quickly determine your average electricity price and estimate the cost of running a heat pump in your home.
Enter your electricity rates for off-peak, mid-peak, and on-peak times and your heat pump’s power consumption in kilowatts and daily operating hours. This tool gives you a clear view of your energy expenses, helping you make informed decisions about your home comfort solutions.
Calculate Your Average Electricity Price
To calculate your average electricity price, enter your time-of-use rates for off-peak, mid-peak, and on-peak periods. Our calculator will automatically compute the average cost based on these inputs, giving you a comprehensive breakdown of your electricity expenses. This information is vital for accurately estimating the cost of operating a heat pump, ensuring that you can optimize your energy usage and maximize savings.
Estimate Your Heat Pump Costs
Understanding the cost of running your heat pump is critical to managing your energy expenses.
You can quickly calculate operational costs by inputting your heat pump’s power consumption in kilowatts and the estimated number of hours it runs daily. This valuable insight helps you make informed decisions about your energy usage and budget more effectively.
2.93 kW power usage at -5C
Sound Ratings down to 54 decibels
A variable speed compressor ensures your comfort throughout every season.
Energy Efficiency Matters
Why Calculate Heat Pump Running Costs?
Calculate your savings compared to your current heating system.
Need help with your savings calculations?
Our team can help create an accurate savings report custom for your home.
Understanding the running costs of your heat pump is essential for making informed decisions about your energy consumption and overall home efficiency. Heat pumps are one of the most energy-efficient ways to heat and cool your home, but the cost to operate them can vary depending on your electricity rates, the model of your heat pump, and how often you use it.
By calculating these costs, you can:
- Plan your energy budget: Knowing how much you spend on heating or cooling helps you manage your monthly bills more effectively.
- Maximize savings: Identifying times when electricity is cheaper can help you optimize your heat pump’s usage and save on operational costs.
- Compare energy solutions: This calculator allows you to compare the running costs of your heat pump to other heating and cooling methods, giving you a clearer picture of long-term savings.
- Improve energy efficiency: With a clear understanding of your heat pump’s cost, you can evaluate whether upgrading to a newer, more efficient model might reduce your energy consumption.
- Make informed decisions: Whether you’re deciding to install a heat pump or trying to get the most out of your existing one, knowing the running costs empowers you to make choices that align with your financial and environmental goals.
Use the calculator to see how much your heat pump is costing you to run each month or year, and take control of your home’s energy efficiency today!
Heat Pump Savings Calculator
Calculate Heat Pump Operating Costs
Outcome Recommendation:
- If your current system is electric baseboard heating, we recommend switching to an all-electric heat pump for substantial cost savings and improved energy efficiency.
- If you currently have a natural gas furnace, we recommend a hybrid dual fuel system. Using a heat pump in combination with your high-efficiency 2-stage furnace can significantly lower your costs in milder temperatures, ensuring the lowest energy cost.
Take Control of Your Home’s Energy Efficiency Today!
Use our calculators to estimate your savings, and find out if a heat pump is right for you. Whether you have an electric baseboard or a gas furnace, our recommendations will help you achieve optimal energy efficiency.
How much does a heat pump cost?
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GE Connect Variable Speed Heat Pump
From $7,137.00