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The new law creates a federal tax credit for 30% of the total cost of your heat pump, up to $2,000, and the new law will hand out funding to states for a rebate program. Households making less ...
Installing a new air source heat pump costs more than £10,000 on average, with a ground source heat pump costing more than that.
The average cost of a heat pump varies from country to country, and will depend on labor costs, the local climate, the size of your building, installation complexity and equipment type. In the UK ...
In the UK, annual heat pump sales have steadily grown in recent years with 26,725 heat pumps sold in 2018, a figure which has increased to 60,244 heat pumps sales in 2023. [80] ASHPs can be helped to compete by increasing the price of fossil gas compared to that of electricity and using suitable flexible electricity pricing . [ 19 ]
A well designed ground source heat pump installation should achieve an SPF of 3.5, or over 5 if linked to a solar-assisted thermal bank. [6] Example: For a heat pump delivering 120,000,000 BTU during the season, when consuming 15,000 kWh, the HSPF can be calculated as : HSPF = 120000000 (BTU) / (1000) / 15000 (kWh) HSPF = 8
"Cold climate" heat pumps are designed to optimize efficiency below 0 °F (−18 °C). As of 2023 heat pumps are marketed that will extract heat from outdoor temperatures as low as −40 °F (−40 °C). In the case of cold climates, water or ground-source heat pumps are often the most efficient solution.
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