Heating and cooling accounts for almost half of your average home’s energy usage. Consequently, finding strategies to cut down on this huge home expense would reduce your electricity bill drastically. In an attempt to move away from electricity generated from dirty gas production, Governments around the globe are rolling out renewable energy funding for home and property owners. Even in the US, the Heat Pump Market is predicted to surpass 2.8 million annual installations by 2026. It’s evident that Heat pumps have become one of the most efficient and innovative ways to cool your home when it comes to sparing your bank account and the environment.
For these reasons we’ll talk about how you can save on electricity bills using a home heat pump. But before proceeding let’s talk about the recent Heat-pump tariff launched in the UK.
UK’s first-ever ‘heat-pump tariff’
Recently Good Energy launched a tariff for heat pump usage. This autumn, cheaper rates at certain period of the day will be offered for homeowners with heat pumps. These periods will be when the national electricity grid experiences lower demand and while the output is high.
The initiative is another step by the government to help homeowners transfer into a more eco-friendly lifestyle. This tariff is covered by the ‘Green Home Grant’ which will also be refunding homeowners two-thirds the cost of energy-efficient home improvements up to the value of £5,000 per household. The scheme is set to commence this September and aims to cut carbon emissions in the country.
Saving electricity with heat pump at home
Heat pumps are essentially devices which ‘transfer’ heat instead of ‘making’ heat. They extract energy from outside air using a compressor, a refrigerant (a substance that draws in energy) and electricity and transfers it to areas inside of your home. Using the same principles they’re able to provide cool temperatures.
Reasons to install a home heat pump
- Most people use fossil fuels or natural gas for generating heat in their homes, electric heat pumps are much cheaper alternatives. Although they’re initial installation price is quite steep, eventually the efficient method of heating and cooling cuts down on electrical expenses.
- Heat pumps actually cost half of their counterparts (natural gas and oil) to generate heat. For instance if it takes 2 gallons of oil a day for heating home at $3 per gallon, a heat pump would consume 20 units of electricity, costing only $3, thereby saving $3 (50% of the total costs!).
- Heat pumps are popular in several countries owing to their ‘clean and high efficiency’ energy production. Your emissions from heating and cooling could be reduced by up to 90% by smart usage of heat pumps.
- They’re easy to use. If you want to turn up the heat, all that’s required is a simple dial change on your thermostat. If you can use an AC system, you know how to use a heat pump.
- Initiatives such as the heat-pump tariff further drive down cost of operating heat pumps and reduce the overall electricity bill.
When planning your system it’s important to search for a professional electrician to guarantee a quality heat pump. Make sure you engage with an electrician who possesses adequate training, certifications and is properly licensed and insured. Follow this link if you need a reference for a professional electrician. Although this company is based in Albany, WA, they display they’re licence in the footer, promote their certification and have excellent reviews. Be sure your local electrician has the same credibility. We hope you found this article helpful. Thanks for giving it a read!
