Enter the heat pump power (W), the electricity cost ($/kWh), and the heat pump run time (hr) into the Heat Pump Operating Cost Calculator. The calculator will evaluate the Heat Pump Operating Cost. ## Heat Pump Operating Cost Formula The following formula is used to calculate the Heat Pump Operating Cost. HPOC = HP / 1000 * EC * T Variables: • HPOC is the Heat Pump Operating Cost ($)
• HP is the heat pump power (W)
• EC is the electricity cost ($/kWh) • T is the heat pump run time (hr) To calculate the heat pump operating cost, multiply the power consumption by the electricity cost and time. ## How to Calculate Heat Pump Operating Cost? The following steps outline how to calculate the Heat Pump Operating Cost. 1. First, determine the heat pump power (W). 2. Next, determine the electricity cost ($/kWh).
3. Next, determine the heat pump run time (hr).
4. Next, gather the formula from above = HPOC = HP / 1000 * EC * T.
5. Finally, calculate the Heat Pump Operating Cost.
6. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem:

Use the following variables as an example problem to test your knowledge.

heat pump power (W) = 5

electricity cost (\$/kWh) = 6

heat pump run time (hr) = 6HPOC = HP / 1000 * EC * T =  ?