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Writer's pictureGreenwave Renewables

How much do heat pumps cost to run?

Updated: Aug 27


When thinking about making the switch to an air source heat pump (ASHP), one of the most critical questions that come up is: How much will it cost to run? While heat pumps are known for their energy efficiency, the actual running costs can vary widely. The answer depends largely on the efficiency of the system, measured by the Coefficient of Performance (COP) and Seasonal Coefficient of Performance (SCOP).


A good install should see a 20% saving on energy bills when compared to a gas boiler. At Greenwave Renewables, we guarantee an SCOP of 350% to keep your energy bills low. But not all installations are created equal—poor installation practices can lead to horror stories of high running costs. Here’s what you need to know to avoid those pitfalls.


heat pump running cost

Understanding COP and SCOP: The Key to Predicting Costs


To estimate the running costs of a heat pump, you need to understand two important metrics: COP and SCOP.


  • Coefficient of Performance (COP): The COP measures a heat pump’s efficiency at a specific moment in time. It’s the ratio of heat output to electricity consumption. For example, a heat pump with a COP of 3 generates 3 kWh of heat for every 1 kWh of electricity it uses. However, COP can fluctuate based on outdoor temperatures and how the system is being used.

  • Seasonal Coefficient of Performance (SCOP): The SCOP provides a more comprehensive measure by averaging the heat pump’s efficiency over an entire heating season. This takes into account variations in temperature and usage, offering a better indicator of annual energy consumption and running costs. A higher SCOP means greater efficiency and lower operating costs.


At Greenwave Renewables, we guarantee a minimum SCOP of 350% (or a ratio of 3.5). This means that, on average, for every unit of electricity consumed, your heat pump will generate 3.5 units of heat. This high level of efficiency ensures that your heating bills remain low, making your investment in a heat pump a financially sound choice.


Calculating Running Costs: What to Expect


Let’s break down an example to understand heat pump running costs.

  • Energy Consumption: Suppose your home needs 10,000 kWh of heat energy over the heating season.

  • SCOP of 350%: With a guaranteed SCOP of 3.5, your heat pump would use around 2,857 kWh of electricity to provide the necessary 10,000 kWh of heat (10,000 kWh / 3.5 = 2,857 kWh).

  • Electricity Cost: If electricity costs £0.20 per kWh in your area, your total running cost would be approximately £571 for the season (2,857 kWh x £0.20 = £571).

This example shows how an efficient heat pump can keep your energy costs in check, especially compared to traditional heating systems that often have lower efficiencies.


The Horror Stories: High Running Costs from Poor Installation Practices


Unfortunately, not all heat pump installations are done correctly. We’ve all heard horror stories about homeowners who installed a heat pump expecting to save money, only to find their energy bills skyrocketing. These high running costs are almost always due to poor SCOPs resulting from bad installation practices.

A poorly installed heat pump can have a significantly lower SCOP, meaning it needs to work much harder and use more electricity to heat your home. This can happen for several reasons:

  • Incorrect Sizing: If the heat pump is not properly sized for your home, it may struggle to reach the desired temperature, leading to excessive energy consumption.

  • Poor Placement: The location of the heat pump unit is crucial. If it’s placed in an area with poor airflow or where it’s exposed to extreme weather, it can decrease efficiency.

  • Suboptimal System Design: The design of the entire heating system, including radiators and piping, needs to be optimized for a heat pump. A system designed for a traditional boiler might not be suitable without modification, leading to inefficiencies.

These issues can drastically reduce the SCOP of the heat pump, causing it to run less efficiently and costing you more money in the long run.


Why Greenwave Renewables Guarantees Low Running Costs


At Greenwave Renewables, we understand that the key to keeping running costs low is a properly designed and installed system. Our commitment to quality means we guarantee a minimum SCOP of 350%, ensuring that your heat pump operates efficiently and keeps your energy bills down.

Here’s how we ensure your heat pump performs optimally:

  • Expert System Design: We carefully design each heat pump system to meet the specific needs of your home, taking into account factors like size, insulation, and existing heating infrastructure.

  • Proper Sizing: We conduct detailed assessments to ensure the heat pump we install is the right size for your property, ensuring it runs efficiently without unnecessary strain.

  • Optimal Placement: Our experienced installers select the best location for your heat pump unit, maximizing airflow and protecting it from extreme conditions to maintain high efficiency.

  • Comprehensive Installation: We optimize the entire system, including radiators and pipework, to ensure everything works together seamlessly for maximum efficiency.

With Greenwave Renewables, you can rest assured that your heat pump will deliver the efficiency you expect, without any of the unpleasant surprises that come with poor installation.


Long-Term Savings and Peace of Mind

Beyond immediate running costs, an efficiently installed heat pump offers substantial long-term savings, especially as energy prices continue to fluctuate. By choosing Greenwave Renewables, you’re not just investing in a high-quality heating system—you’re investing in peace of mind, knowing that your energy bills will remain manageable.

We’re also committed to helping you take advantage of any available incentives or rebates, further reducing your costs and increasing the financial benefits of switching to a heat pump.


Conclusion: Efficient Heating Without the Horror Stories

Running costs for a heat pump depend heavily on the system’s efficiency, as measured by COP and SCOP. While horror stories of high running costs can happen due to poor installation practices, choosing a reliable and experienced installer like Greenwave Renewables ensures you’ll avoid these pitfalls. We estimate a good install will typically be 20% cheaper to run than a gas boiler. With our guaranteed SCOP of 350%, you can trust that your heat pump will run efficiently and keep your bills low.

If you’re ready to explore the benefits of an air source heat pump for your home, or if you want to make sure your installation is done right the first time, contact us today. We’re here to help you enjoy efficient, cost-effective heating with none of the horror stories.

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