Heat Pumps – A Safe Solution for Savings

Photo-illustration: Pixabay 

Whether you heat your home with electricity, wood, or gas, or you have central heating, the market situation is so uncertain that you can’t even assume how much heating will cost you next winter. That is why many have already started preparing for cold days now when the tropical heat begins. Many are looking for a long-term solution so that they can calmly welcome the winter without fear of imminent price increases. 

Heat pumps are a great option for users who want to save money and the environment from negative impact. For starters, don’t let the name “heat” fool you. It is used for heating but also for cooling. It works on the principle of transferring thermal energy from one space to another. This means it cools the rooms of your home in the summer and heats them in the winter. In addition, it can be used throughout the year to heat domestic hot water, which further increases savings.

Heat pumps use energy from air, groundwater, or earth. Therefore, they have a minimal impact on environmental pollution. They only need a minimum amount of electricity when they need to start the pump compressor. For 1 kWh consumed, the heat pump produces 2-6 kWh of energy for heating or cooling. 

For example, for a 40-square-meter apartment heated by a heat pump with a geothermal water supply, the monthly electricity bill would be 1,000 dinars. The bill for central heating of the same apartment would amount to around 5,000 to 6,000 dinars per month and is paid throughout the year. Electric and gas heating is even more expensive, and it is especially worrying that it is not known how much these energy sources will cost.  

Tests of the land on which the construction of the building is planned are being done more often, showing the potential of heat pumps. First, it is checked whether there are geothermal waters and possibilities for installing heat pumps. Also, heat pumps are very suitable for houses with a well. The test determines whether there is groundwater and if it turns out there is, then it makes perfect sense to install this system because despite the initial high costs, the return on investment will be realized in two to three years. 

ProCredit Bank pays special attention to renewable energy sources and energy efficiency investments. Environmental protection is one of the main priorities both for the bank and its clients. ProCredit Bank’s energy efficiency loan is designed so that citizens can get a return on investment of up to 20 percent. 

Funds in the amount of up to 600,000 dinars can be used for the installation of heat pumps. You can apply for energy efficiency loans  online; ProCredit Bank experts are there for all questions, while additional information can be found on the bank’s website.

Read the story in the new issue of the Energy portal Magazine RENEWABLE ENERGY SOURCES.