Heat Pump Electricity Costs – an overview of real operating costs

How efficiently heat pumps work

Heat pumps work particularly efficiently because they utilize ambient energy.
For one kilowatt-hour of electricity, heat pumps can often
produce 3 to 4 kilowatt-hours of heat.
This metric is called the COP (Coefficient of Performance).

Typical electricity costs of a heat pump

Annual electricity costs depend on the electricity price and electricity consumption.
With a consumption of 4,000 kWh per year and an electricity price of
30 cents per kWh, the costs amount to approximately 1,200 euros per year.

Factors influencing costs

Electricity costs depend on several factors:

• Building insulation

• Efficiency of the heat pump

• Electricity tariff

• Use of renewable energies

How to reduce electricity costs

Households can reduce their heating costs through:

• Photovoltaics

• Battery storage

• Flexible electricity tariffs

• Energy management systems