Calculate the payback period for replacing electric resistance heat or gas furnace with a mini-split heat pump. Model COP at different temperatures, fuel cost savings, Inflation Reduction Act credits, and break-even timeline.
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The Mini-Split Heat Pump Replacement Payback Calculator works by applying a well-defined formula to the values you enter. Understanding the formula behind the calculation helps you interpret the result and check that your inputs are correct. Below we break down the key components that drive the Mini-Split Payback.
The core formula used by this calculator is:
Result = f(inputs, settings)
Each variable in the formula has a specific meaning: