Heat Pump Savings

Cost effective heating and cooling for all of your spaces

How Much Money Can I Save With A Heat Pump?

Here is a guide to comparing heating sources & applications, based on a home of approximately 2,000 square feet.

These figures are based on a home of approximately 2,000 square feet and in Canadian dollars. They are as of April 2011 for Cowichan Valley, BC.

Heat Pump Savings
Energy/Fuel Source Heat Value In BTU Units Cost/Unit Cost/1,000,000 BTU Approx. Annual Cost
Oil* 36,596 Litre $1.31/litre $50.12 $5,012.00
Propane* 24,197 Litre $0.885/litre $47.55 $4,755.00
Electricity* 3,413 kWh $.08/kW $23.44 $2,344.00
Natural Gas 948,213 GJ $16.00/GJ $21.94 $2,194.00
Air Source Heat Pump* 3,413 kWh $.08/kW $9.38 $938.00
Ground Source Heat Pump* 3,413 kWh $.08/kW $4.68 $468.00

*Propane furnace @ 70% efficiency
**Oil furnace @ 60% efficiency
*Electric furnace @ 100% efficiency
*Air source heat pump @ 2.5 COP

For the full product line up please see the following link Daikin AC

For the full product line up please see the following link American Standard Air