Air To Water Heat Pump Cost To Run

Air to water heat pumps are fast becoming the heating system of choice in new builds of single one off home and are also in the specification for progressive development of estates.
Air to water heat pump cost to run. Air to water heat pumps extract their heat energy from outside air in order to heat your home or business. The costs of installing an air source heat pump can vary from 8 000 to 18 000 while ground source heat pump costs can range anywhere from 20 000 to 35 000. Central heat pump systems cost between 12 000 and 20 000. This is cheaper than some of the other heat pumps that are available on the market making it an attractive choice.
Air to water heat pumps follow this technology due to which it is not only saving the environment but also the user s money. At a cost of 12p per kw h running this system would cost around 27p per hour in electricity or 2 11 for an 8 hour running period. Running a heat pump costs 40 to 160 per month or between 500 and 2 000 per year depending on the climate zone home s insulation and if the system has a backup heat source. A 2 2kw air source heat pump based boiler will produce around 11kw worth of hot water for radiators and consume 2200 watts from the mains.
But thanks to the savings and grants homeowners start to earn money after a few years. The process of a heat pump consists of an evaporator a compressor and a condenser. As you may know heat pumps aren t cheap. It absorbs heat from outside air and the heat pump compressor then increases the temperature of that further to create useful heat.
There are several other reasons why air to water heat pumps are so popular among users. As a rough estimate you can expect a ductless air source heat pump installation to cost between 3 500 and 5 000 per indoor unit installed. The price for installing a heat pump varies between different heat pump systems. The running costs will tend to vary depending on things like the size of your home and the amount of insulation to name a few.
A heat pump costs 0 20 to 0 50 per hour to run depending on electricity costs and heat pump type. Domestic rhi payments for an air to water heat pump can be around 9 000 10 000 whereas for ground source heat pumps domestic rhi payments could be over 25 000 made on a quarterly payments over 7 years. If the air to water heat pump is installed correctly it can reduce the annual heating costs by almost 50. When you go to install a typical air source heat pump you are looking at costs ranging from 7 000 to 11 000.