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Heat Pump Running Cost Calculator

Use our free calculator to compare the estimated running cost of a heat pump with your current heating system.

Adjust your annual energy use, heat pump efficiency, electricity tariff and even add solar panels or a battery to see how your running costs could change.

No email address. No assumptions you can’t change. Just a simple way to explore the numbers.

This calculator provides an estimate based on the information you enter. It isn’t a replacement for a full home survey, heat loss calculation or MCS performance estimate.

A phone screen showing the dwellow heat pump running cost estimator.

How the calculator works

There isn’t one answer to the question, "How much does a heat pump cost to run?"

It depends on your home, your heating system and how you use energy.

This calculator lets you explore different scenarios using your own assumptions. As you make changes, your estimated annual running costs update instantly so you can see which factors have the biggest impact.

It’s designed to help you understand the numbers before committing to a full heat pump design.

What you can change

One of the biggest problems with online calculators is that they make lots of assumptions for you.

We’ve done the opposite.

You can adjust the things that really affect running costs, including:

Your annual heating demand

The amount of heat your home needs each year has the biggest influence on running costs. If you already know your annual heating demand, you can enter it directly.

Heat pump efficiency

A more efficient heat pump uses less electricity to produce the same amount of heat.
Use the slider to explore different Seasonal Performance Factors (SPF) and see how efficiency changes your annual running costs.

Your energy prices

Compare standard tariffs with cheaper off-peak rates and see how your choice of tariff affects the cost of running a heat pump.

Solar and battery

If you already generate your own electricity and store it (or thinking about it), your heat pump may be able to use some of that energy instead of importing it from the grid. The calculator estimates how this could reduce your running costs.

Why every home is different

The running cost of a heat pump isn’t determined by the heat pump alone.

A well-designed system in a well-insulated home can be extremely efficient. The same heat pump installed in a different property may produce very different results.

Running costs are influenced by factors such as:

The heat loss of your home

Your heating and hot water demand

Your electricity tariff

Outdoor temperatures

Solar generation and battery storage

How the system has been designed, installed and commissioned

How accurate is the calculator?

We’ve built this calculator to give a realistic estimate using the information you provide. However, no online calculator can predict the exact running cost of a heat pump. A professional system design takes into account many additional factors, including detailed room-by-room heat loss calculations, emitter sizing, hot water demand and system controls. Think of this calculator as a planning tool rather than a guaranteed prediction.

Why homeowners choose dwellow

Straightforward advice, quality installations, and no pressure to decide

Lady looking relaxed sat on a light blue sofa, holding a cup of tea and looking out of a window (not in view).

Clear estimates

Upfront heat pump estimates, tailored to your home and heating needs. Not guesswork.

MCS logo for light mode. We are a certified installer of heat pumps, solar and batteries.

Done properly

Heat pump installations designed and installed by certified engineers who know what they’re doing.

No pressure

We won’t push a heat pump if it’s not right, or upsell things you don’t need.

Real people

A friendly, knowledgeable team you can talk to whenever you need clarity or reassurance.

End to end support

From first estimate to installation and beyond, we guide you through the whole journey.

Frequently asked questions

Are heat pumps cheaper to run than gas boilers?

Often, yes, but not always. The answer depends on your home’s heat demand, the efficiency of the heat pump, electricity prices and how well the system has been designed, installed and commissioned.

What does SCOP mean?

SCOP stands for Seasonal Coefficient of Performance, or sometimes known as Seasonal Performance Factor. A heat pump with a SCOP of 4 produces around 4 kWh of heat for every 1 kWh of electricity it uses over a typical heating season. Higher SCOP values generally mean lower running costs.

Do solar panels reduce heat pump running costs?

Yes. If your heat pump can use electricity generated by your solar panels, you’ll import less electricity from the grid. Battery storage can increase these savings by storing cheap or surplus electricity for later use.

Can this calculator tell me if my home is suitable for a heat pump?

No. The calculator estimates running costs. It doesn’t assess whether a heat pump is suitable for your home or replace a professional heat loss calculation and system design.

Is the calculator free?

Yes. You can use the calculator as many times as you like and explore different scenarios without creating an account.

Got some questions?
Talk to our team and we can get into the detail.
Ready to see what a heat pump could look like in your home?
No obligation • Takes just a few minutes

© Dwellow Limited. All rights reserved. Registered in England & Wales company No. 15114137; VAT No. GB460751203. Registered office: Hermes House (c/o Monahans), Fire Fly Avenue, Swindon, Wiltshire, SN2 2GA. Registered with the Information Commissioner's Office under reference number ZB647967. We are certified by the Microgeneration Certification Scheme (MCS) to design and install air-source heat pumps, solar PV and batteries (certification number: NAP-76479). We’re members of the HIES consumer code, which means when buying a heat pump, solar or battery installation, your deposit is fully protected, and your installation comes with a two-year workmanship warranty. We’re also a Which? Trusted Trader and hold the TrustMark badge — extra reassurance that we care about quality, fairness, and doing things properly.

Dwellow Limited is authorised and regulated by the Financial Conduct Authority (Registration Number 1016452). We are a credit broker and not a lender and offer credit through humm. humm is a trading style of Humm Group Limited which is authorised and regulated by the Financial Conduct Authority. Financial Services Registration Number 954478. humm offers both regulated and unregulated products. Our interest free plans which are repayable within 12 months and in no more than 12 instalments are not regulated by the Financial Conduct Authority. humm's registered office: 3rd Floor, 2-4 Wellington Street, Belfast. Company Number: NI675430. Data Protection Register Number: ZB029507. Credit is available subject to status to UK residents aged 18 or over. Terms and conditions apply.

If you are looking for a boiler, we partner with Heatable to provide next day installations. Heatable Ltd is authorised and regulated by the Financial Conduct Authority, FRN 805259. They are a credit broker and not a lender and offer credit from a panel of lenders. They may receive commission if your application is successful and the amount may vary depending on the product chosen and the amount of credit taken out. Credit is provided subject to affordability, age and status. Minimum spend applies. Not all products offered are regulated by the Financial Conduct Authority.