How much money can I save?
Savings depend upon four factors: The efficiency of your old equipment, the efficiency of your new heat pump, your climate, and your electric rate.
Save on Cooling
Cooling efficiency is rater by SEER (Seasonal Energy Efficiency Ratio). The higher the SEER, the higher the savings. If your home is over eight years old, your current air conditioner or heat pump probably has a SEER of 7.0. A new higher efficiency heat pump can be as much as 56% more efficient.
Save on Heating
Heat pumps are rater for heating efficiency by HSPF (Heating Seasonal Performance Factor). Heat pumps are available with HSPF ratings up to 9.0. Since a heat pump combines the heat it produces with the heat from outside, the coefficient of performance (COP) of a heat pump is more that one. This means, your may pay for dollar's worth of electricity, but a heat pump can deliver as much as $3.45 worth of heat. That's quite a bargain!