Cost of Running Heat Pumps

Aside from the obvious benefits of Heat Pumps, they are also extremely economical to run.

Heat pumps don’t generate heat, but rather move it from one space to another, making the cost significantly reduced when compared with other forms of heating on the market, for example electric heaters, gas, wood-burners, etc.

Currently, Heat Pumps are the single most cost-effective form of heating using electricity, and serve to heat your property in the most energy efficient way!

On average, most high quality systems can achieve Coefficient of Performance (COP) statistics of four or higher. Meaning that to reach four kilowatts of heating or cooling power, they use an average of less than one kilowatt of electricity.

Conventional heating systems, such as electric fires or gas boilers have a COP of less than one. This means they burn more than one kilowatt of power to produce a kilowatt of heating power. The higher the COP, the cheaper the appliance is to run. With between 300% to 400% efficiency, Heat Pumps rank number 1. in energy efficient heating.

Cost wise, Heat Pumps are one of the cheapest methods to heat a home.
With every $1 you spend you get the following equivalent heat output:

Gas 0.82c
Electric Bar Heater 0.98c
Wood Burners 0.45c
Heat Pump $3 – $4

However, it is important that the pump is sized correctly for the volume of air it needs to heat and the climate in which it operates. If the unit is too small, it will not reach its inverter cycle and therefore achieve its stated energy efficiency (COP).

Tests conducted on newer heat pumps show selecting the appropriate size unit for your home, whilst maintaining it properly and running it efficiently, can allow you to receive up to $3 heat for every $1 spent on heating.

Find out about our latest promotions or get in touch online or on 0800 303 884.

Bens Refrigeration – Auckland’s heat pump specialists.

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