Heat Pumps: What They Are and How They Can Save You Thousands

Heat Pumps: What They Are and How They Can Save You Thousands

When individuals first hear of air-source heat pumps and their ability to boost energy efficiency and lower costs and greenhouse emissions, they think it sounds too good to be true. However, this is not the case. Heat pump systems have existed for years and are used worldwide. Europe has approximately 14.84 million heat pumps, with Norway alone having one heat pump for every four people. The E.U., the U.K., and even the U.S. embrace heat pump systems because of their many benefits. It’s time for Canadians to do the same.

How Does a Heat Pump System Work?

A heat pump can draw heat from cold air, thus heating your home in winter and keeping your home cool in summer. It does this by extracting heat from the winter air and from your home in summer.

Some doubt the effectiveness of heat pump systems because of Canada’s extreme winters. Yet, heat pumps are specifically designed for cold weather and are used in some of the coldest climates in the world, including in Sweden and Norway.

Why Are Canadians Opting For Heat Pump Systems?

Heat pump systems are becoming increasingly popular in Canada for various reasons. The following are some of the many benefits Canadians can take advantage of by installing heat pump systems.

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Energy Efficiency 

Heat pumps use natural sources like the ground and air to provide warmth. However, they also do so at an increasingly efficient level. According to some, they’re three times as efficient as gas boilers.

Lower Carbon Footprint

There’s no denying that heating and cooling are a large part of our fossil gas use. Using gas for heating accounted for approximately 19% of Ontario’s total greenhouse gas emissions in 2013. Using heat pump systems, you can drastically reduce your greenhouse gas emissions by 35% for the average home. In addition to your home becoming more energy efficient, it can also become greener since using an air-source heat pump lowers your overall carbon footprint.

Lower Costs 

Many people are hesitant because they assume heat pump costs will be high. However, installing heat pump systems can save you thousands of dollars in equipment costs in the long run. Additionally, while gas prices continue to skyrocket, heat pumps are becoming increasingly more efficient. In fact, an average Toronto home can save about $10,320 by installing a heat pump system than replacing their gas furnace. In addition to this, you can also save on monthly gas fixed charges.

If you’re still unsure about the financial benefits of installing a heat pump, use this calculator to input your gas usage and determine how much you can save.

Grants and Other Financing Options

Yet another reason to opt for heat pump systems is the myriad of financial options and tools available. You can take advantage of grants and zero-interest financing through the Canada Greener Homes Initiative. Therefore, in addition to saving energy-related costs, Canadians have various financing options available to install heat pump systems.Read more about air-source heat pumps and their benefits here and find a qualified Heating, Refrigeration, and Air Conditioning Institute of Canada (HRAI) contractor through this search tool. Heat pump systems can potentially drastically improve our carbon footprint and save energy costs while increasing energy efficiency. Take advantage of the many benefits of heat pumps by looking into installation options today.

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