A study found that hybrid systems combining heat pumps with furnaces are more economical than using heat pumps alone in colder climates.
James Milford
James Milford heads Lumina’s consulting services with extensive experience in using Analytica for energy and environmental modeling research and consulting. James has worked in and around the energy sector since 2002. He led projects at NREL, has a Master’s degree in Engineering and Technology Management from Colorado School of Mines, and a Bachelor's degree in Electrical Engineering from University of Colorado.
Author Posts
Heat pumps & hybrid systems in cold climates
Does your heat pump bill savings estimate account for rate structures?
Most online calculators that estimate utility bill impacts of heat pumps are highly misleading because they ignore time-of-use and tiered electric and gas rates. Accurate calculations must consider when heat…
Solar Photovoltaic (PV) financial model
This Solar PV calculator captures the drivers that impact net present value and internal rate of return (IRR) for solar projects.