Heat Pump Costs - Everything You Need to Know - 20/05/2016

It’s that time of the year again where the weather is getting cooler and the impending dread of your heating bill keeps you up at night. You’re not alone in your sleeplessness: energy bills in New Zealand are only getting bigger, but with the right heating you can seriously lower those heating bills, especially if you install an energy-efficient heat pump. Don’t be intimidated by the initial outlay of a heat pump price – over the long run they give the best value for money when it comes to heating your home in New Zealand.

Money Talks

Heat pumps are the most efficient heating machines, period. Did you know that for every dollar worth of electricity you pay to run your heat pump, you receive between 2 and 5 dollars worth of heat? What an absolute bargain, especially compared to your average electric heater that costs $1 per hour to use but gives you a third of the amount of heat that a heat pump would. It kind of makes you wonder how these magical heat pumps work…

Heat pumps don’t make heat. Surprise! What they do is transfer free heat from one place to another. They have two coils, one inside your home and one outside which draws warmth from the outside air and transfers it into your house. It’s because of their lack of heating elements that you’re able to save so much money by heating your home with a heat pump. They don’t burn up energy meaning your energy bill stays low.

Which kind of heat pump you install will depend on the size of the room you want to heat, and how much you’re willing to spend. Talking with your heat pump specialists will help you make this decision. There’s one definite guarantee: using a heat pump for a couple of hours in the evening and an hour in the morning will help you reduce your heating bill.

Heat Pump Prices

Like any kind of consumer product, heat pumps come in all shapes, sizes, and with various prices. Keep in mind that while heat pumps are the most energy efficient heaters on the market, they’re not all the same. Some are more efficient than others, producing twice as much heat for your home while using the same amount of electricity as an inferior brand. So, before you purchase a cheap heat pump, do your research and make sure you’re choosing an energy efficient model, as the right heat pump will make a big difference to your monthly power bill.

A particularly efficient brand is Toshiba. Toshiba heat pumps have impressive energy star ratings for energy efficiency and their special filter technology reduces bacteria and mould formation, keeping your home and family healthier. An added bonus is that Toshiba Heat Pumps act as powerful air conditioners during warmer months, offering year round comfort, no matter what the weather is like outside. Of course, for even better energy efficiency, partner your Toshiba heat pump with an HRV ventilation system.

Prices vary depending on the size of the heat pump you need, starting at $2,400 for a small unit suitable for a bedroom. Contact your local HRV specialist and they’ll happily discuss heat pump prices with you.

Energy Efficiency - What's Your Star Rating?

The best way to shop for a heat pump is by looking for the EECA star rating. If you’re unfamiliar with EECA, they are New Zealand’s government agency that works to improve the energy efficiency of our homes and businesses, and also encourages the uptake of renewable energy. An EECA star rating on a heat pump indicates it’s energy efficiency. But energy efficiency isn’t reliant solely on the model of heat pump you choose. If you want to maximise your heat pump there are a few steps you need to take first:

  1. Insulate: Before you install a heat pump, make sure you insulate your ceiling and your floor. This will ensure your home retains as much heat as possible, saving you money on your power bills.
  2. Research: Look into quality brands of heat pumps before you splash your cash on the cheapest heat pump available. And don’t stop there. Look into suppliers and installers as well, one who will be able to offer you a good warranty on parts and one you can count on for proper installation.
  3. Measure: You need the right sized heat pump for the rooms you want to heat. For instance, if you get a heat pump that is too small, it will have to work twice as hard to heat your home, which will cost you more money in the end. A trusted supplier will help you determine the best size of heat pump to heat your rooms effectively.

Avoide These Heat Pump Mistakes & Reduce Your Running Costs

Installing a heat pump is one thing, but using it efficiently is another. In order to avoid any nasty surprises, you need to know how to get the most out of your heat pump unless you want to join the club of Kiwis paying unnecessarily high bills because they aren't using them correctly!

The number one reason for an increase in your power bill after a heat pump installation is by cranking up the heat. Setting your heat pump at the highest heat setting for a few minutes to heat your house quickly is a big no-no. It’s best to set it at 18°C, and let the room heat up gradually, instead of blasting the heat, getting too hot and shutting it down.

Another common mistake is leaving the heat pump on all day while no one is home to enjoy the heat. What a waste! Heat pumps heat your home fast, so it’s unnecessary to leave them running all day.

And of course, size does matter. Like we’ve mentioned, a heat pump that is too small for your home will have to work harder to heat it, thus using more power and costing you more money.

Tips to Save on Heating Your Home

The best way to heat your home efficiently is by installing a heat pump, but there are ways for you to get the most out of your new heating system! We’ve compiled the best heating tips for you to get the best value for money out of your heat pump.

  • Only heat when you need it – Do we really need to tell you not to leave your heat pump on all day if you're not there? Use the timer to turn on your heat pump shortly before you get home. Turn it off when you don’t need it, and only heat the space you’re using. Shut doors and curtains to help keep the heat in.
  • Set the thermostat to a healthy temperature - aim for a minimum of 18ºC while you’re using a space and 16ºC in bedrooms if you’re letting it run overnight.
  • Avoid “Auto” mode – It’s ok to set your heat pump mode to “Heat” in the winter and “Cool” in the summer, but avoid using the “Auto” mode as it can turn on heating during a cool summer night or air conditioning on a sunny winter afternoon!
  • Optimize air flow direction - Directing the warm air down along the floor in the winter and cool air up along the ceiling in the summer is best.
  • Keep dust filters clean – Heat pumps work best with clean dust filters. Simply vacuum, rinse and dry dust filters when the indicator light comes on.

If you need any further information don’t hesitate to get in touch. We’re New Zealand’s heat pump experts for a reason, and we’re here to help you find the heat pump of your dreams!


Get In Touch With HRV

Considering an HRV Heat Pump System as the perfect solution to keep your home comfortable year round?

Request a Free Home Assessment from a trained HRV technician today.

Not sure what the best option for your home is?

Try our online Home Solutions Generator now, it only takes 3 minutes and once completed we’ll give you some immediate advice on the right products for your home along with approximate costs.