Tools
Heat Pump Cost Savings Calculator
Estimate your current heating cost and compare it against a heat pump setup using local assumptions for Marystown and the Burin Peninsula. You can compare electric resistance, oil heating, or both.
Assumptions and limits
This tool estimates annual energy cost changes based on usage, rate, and efficiency assumptions. It is not a full home heat-loss model.
Estimates use seasonal efficiency and coverage assumptions. Actual savings vary by home layout, insulation, thermostat settings, and winter temperatures on the Burin Peninsula.
FAQ
Why are results estimates and not guaranteed savings?
Seasonal performance changes with weather, setpoint, defrost cycles, and home layout. Real-world usage can differ from modeled assumptions.
What should I use for coverage and COP?
Start with the model defaults, then adjust based on your home. Higher coverage and COP usually improve savings, while lower values reduce savings.
Does this include rebates and install cost?
Yes. The calculator uses equipment plus install cost minus rebates to estimate break-even and lifetime net savings over warranty years.