How Heat Pumps save your electric bills?
Air source heat pumps use ambient air from outside a building as a heat source or a heat sink.
Consider air source heat pumps for upgrading your property’s heating and cooling system?
A new heat pump will run an average of $4,000 to $8,000—more than it costs to install a new furnace, which typically runs from $2,000 to $5,400. However, a furnace only heats the air, while a heat pump not only heats but also cools the air, so it removes the need to buy a separate AC unit.
In moderate climates, heat pumps can be more energy-efficient than furnaces.
Let’s take an example, in warmer locations, such as Miami, Florida, having a heat pump installed costs an average of $2,200 to $3,700 because the temperatures are mild and a smaller air-to-air unit is all that’s usually needed. In contrast, having a heat pump installed in a home in Denver, Colorado, could cost as much as $10,000 because refrigerant lines may need to be buried, and a larger unit may be called for.
By upgrading to green heating and air conditioning units, building owners can see immediate benefits including:
1. Reduce electricity usage for heating by up to 50% compared to electrical furnaces and baseboard heaters.
such as single-family residences, cold-climate heat pumps deliver an annual savings of $459 on average when compared with oil systems, according to one study from the American Northeast Energy Efficiency Partnership (NEEP). These savings can be more significant for larger buildings (even before accounting for steep fines in some regulatory environments like NYC). Through our proprietary analysis software, we’ve determined that heat pump systems save our clients an average of 20–40% on heating and cooling bills each year.
2. Protect from rising energy cost and receive Energy Incentives
A new Air Source Heat Pumps system can be an expensive purchase. However, eco-friendly systems often qualify for rebates and tax incentives that limit the upfront cost of your investment.
Since air source heat pumps are the most efficient electric heating option available to consumers, they’re an excellent long-term investment.
3. Flexible temperature setting and limited maintenance
Residents can control their units independently; some heat pump systems can even set different temperatures for different rooms in an apartment or office.
After installation, units operate quietly and require limited maintenance. And completely eliminating fees for services such as oil delivery.
For commercial buildings and multi-family units, heat pumps can reduce tenant complaints and improve retention—and many new tenants see eco-friendly heating systems as a major selling point.
4. Better Air Quality
Heat pumps don’t burn fossil fuels, which eliminates the risk of carbon monoxide exposure (provided that the building owner replaces other fuel-burning appliances). Compared with traditional HVAC, heat pumps provide a more comfortable humidity balance and filters in the indoor units can remove common allergens.
5. Regulatory Compliance
Building decarbonization and electrification are becoming key fixtures of the regulatory landscape. Municipalities throughout the country are updating building codes to require some form of green HVAC, so it’d be wise to be prepared.
Ready to install a heat pump for your property? Be free to contact us providing suggestion on how to selecting a correct model based on your needs.