However, when you’re calculating the overall savings, it’s important to factor in air source heat pump running costs, as this post will explore…
It may seem counter-intuitive that the equipment that’s meant to save you energy actually uses energy itself. Solar panels, for example, are simply installed on your roof and require no energy to harness the sun’s UV rays.
However, air source heat pumps work a little differently. While solar panels let photons from the sun’s rays do most of the work, air source heat pumps actively extract heat from external air as a fluid. That fluid is then compressed to increase its temperature.
While it’s intended to save energy, this process admittedly requires a certain amount of power, which explains the running cost for your air source heat pump.
Air source heat pump running costs vary quite a bit depending on two main factors:
Using the information above, you can get a better idea of general air source heat pump running costs. An air source heat pump with a COP of 2.5 will be able to cater for the average heat demands of a UK home using around 4,000 kWh.
With the average cost of electricity at around 14p per kWh, that would result in an annual running cost of just £560.
While adding £560 per year in electricity might not sound like a great way to save money, it’s worth remembering that the heat you generate will replace heat you would have needed from your gas boiler. On top of that, you will receive payments from the Renewable Heat Incentive (RHI), typically amounting to between £1,341 and £1,586 per year.
With the RHI payments more than covering the cost to run your air source heat pump, it’s clearly a cost-effective option as well as helping the environment.
If you want a greener, more cost-effective way to heat your home, speak to the renewable energy experts at NBEC. Operating throughout South Yorkshire, we can help you minimise air source heat pump running costs with a modern, energy-efficient heat pump that’s best suited to your home.
We can also assist you with your application for a government grant. Start your application today to take the first step to lower energy bills.
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