1
Building & Location

ZIP codes, city+state, or full addresses all work. Used only for weather data and electricity rates, never stored.

sq ft
2
Current HVAC System

Dual fuel runs the heat pump in mild weather and hands over to your existing gas or oil plant on the coldest days. It is the most common commercial retrofit in cold climates: you skip the electric backup, avoid a service upgrade, and, because your winter electrical peak never happens, usually avoid the demand charge that makes full electrification expensive.

°F

Below this outdoor temperature the fossil plant takes over. Lower means more electrification and more carbon saved; higher means lower running cost where gas is cheap.

Cuts HVAC energy by scheduling and resetting. Worth much less on a 24/7 building than a weekday one, which is reflected below.

Several states pay more on these sites, and tax-exempt owners can take the 48E credit as a direct cash payment under §6417.

Geothermal is the only type that earns the 48E tax credit, and it has the lowest running cost. It needs somewhere to drill, so tell us if that is out of the question.

A heat exchanger that preheats your hot water from heat the geothermal unit is throwing away. In cooling season that heat is pure waste, so the hot water is effectively free; in heating season some is diverted, so coverage is lower. Cost is a storage tank, the coil comes with the machine.

Conductivity sets how much bore length a ton needs. Rock is the cheapest here even though it drills slower. It moves heat well, so you need fewer feet.

3
Energy Costs — your annual spend
$

Your worst heating month, usually January. Use the electric bill if you heat with electricity, or the fuel bill for gas, oil or propane. This is the single most useful number you can give us: it tells us how hard your building works in the cold, which an annual total cannot.

$

Your worst cooling month, usually July or August. Electric bill. Together with the winter month this separates your heating load from your cooling load.

$

Total for the year, or your monthly average × 12. Used to check the peak-month figures add up. If the two disagree we will tell you rather than quietly pick one.

$

Gas, oil or propane for the year. Leave blank if all-electric.

Annual totals tell us how much you spend; the two peak months tell us how your building behaves. With them we can fit the model to your actual envelope and occupancy instead of assuming a typical building of your type, normally the single biggest accuracy improvement available here.

I don't have energy bills We'll estimate your energy costs from DOE CBECS building energy benchmarks for your building type and climate zone.
4
Tax & Organization Details

Tax-exempt orgs can receive ITC via direct pay (elective pay) instead of tax credits.

%

Federal 21% + state corporate tax. Used for MACRS/Section 179 depreciation benefit.

Project meets prevailing wage requirements When checked, geothermal ITC increases from 6% to 30% base rate, and 179D deduction increases up to $5.00/sqft. Prevailing wage requires paying Davis-Bacon Act wages to construction workers.
5
Financing
Include financing in analysis? Model a commercial loan, shows monthly payments vs. energy savings and adjusted payback
These inputs aren't required. Reasonable defaults are used when left blank. They improve estimate accuracy for commercial buildings.
A
Building Envelope

Affects heating/cooling load estimates. Most pre-2000 commercial buildings are "average" or "poor".

B
Solar & On-site Generation
No solar
Existing solar
Planning solar

Commercial solar can offset a significant portion of heat pump operating costs, dramatically improving payback.

C
Electricity Rate
Commercial rates differ from residential. The default rate uses EIA residential state averages. For commercial buildings, enter your actual blended $/kWh rate from your utility bill for best accuracy. Commercial rates are typically 10–30% lower than residential.
$/kWh

Find your effective rate on your bill: total $ ÷ total kWh. Commercial rates are typically $0.08–$0.18/kWh depending on region.

$/kW/mo

Found on your commercial utility bill. Typically $5–$25/kW/month. Leave blank and we use your utility's published rate where we have it. In 18 states that is a real charge, not zero, so the figure below tells you which rate was applied.

kW

The highest demand figure on your bill, usually set by summer cooling. Without it we assume the heat pump's winter peak partly stacks on your existing peak; with it we can tell whether it fits underneath and costs you nothing extra.

D
Fuel & Electricity Escalation
Model annual energy price increases Projects how rising fuel costs improve your heat pump payback over 15 years
%/yr

Based on EIA Annual Energy Outlook mid-case scenario.

%/yr

Based on EIA Annual Energy Outlook mid-case scenario.

E
Electrical Service
Electrical service upgrade may be required. Converting to a commercial heat pump system may require upgrading your electrical service to handle the additional load. Newer buildings with adequate 3-phase service may need no upgrade at all. Where one is required, it is a major line item: 16 commercial sites priced by two independent contractors each averaged $148,000 in California, about $120,000 nationally, against $12,000 at sites needing no upgrade (CalNEXT/CPUC ET22SWE0010, 2022). Cost does not scale with how far short your service falls. It is close to a fixed step. Contractor quotes for identical scope vary about 30%, so treat any figure here as a range, and get two bids.
No — adequate service
Yes — add ~$120,000
Not sure
“Not sure” quotes the project without an upgrade rather than guessing at a part-cost. Most heat-pump retrofits add far less load per square foot than the electrification projects this cost was measured on, so the upgrade is the less likely case, but if your building does need one, add roughly $120,000 ($95,000–$175,000) to every figure on this page. An electrician can settle it in one site visit by comparing your service rating against the new peak load.

System cost
Before incentives & rebates
Cost after incentives
Annual savings
Payback period
15-year net
After system cost & incentives
CO₂ reduction
Install cost
$/sqft
Operating cost
$/sqft/yr
Savings
$/sqft/yr
System size
tons
Current System
Annual heating cost
Annual cooling cost
Annual O&M
Annual total
Commercial Heat Pump Recommended
Annual heating cost
Annual cooling cost
Annual O&M
Annual total
$
Commercial Incentives & Rebates
Estimated commercial incentives available
Equipment Cards
Commercial Equipment Options — sized for your building

Side-by-Side Comparison
Clear comparison
Operations & Maintenance Comparison
Financial Analysis & Cash Flow
Cumulative Cost Over 15 Years
Heat pump system vs. your current system, includes upfront install after rebates and annual O&M
What this estimate does not include
Costs excluded from the figures above

Utility-side electrical work — transformer, service feed or line extension. The study behind our service-upgrade figure states plainly that both the cost and the likelihood of this work are unknown, so we do not guess. For scale, New York utilities quote roughly $25,000–$50,000 for a transformer and $140,000–$210,000 for a new three-phase primary-metered service.

Asbestos or other hazardous-material abatement. Common in mechanical rooms and pipe insulation in buildings from before the mid-1980s, and it can stop a project outright until resolved.

Roof structural reinforcement. A heat pump is often heavier than the unit it replaces, and a structural engineer's sign-off is sometimes required before a rooftop swap.

Ductwork replacement or resizing. Heat pumps move more air than a fossil furnace at the same output, so an existing duct system is sometimes undersized.

Anything found once work starts. Concealed conditions are the usual reason a real invoice exceeds a written estimate.

Where our number is least certain

Get two bids, the spread is larger than you would expect. On identical scope, contractor-to-contractor variance was measured at 30% for service upgrades and up to 3.7× on smaller electrical work. That is bigger than most of the modelling differences on this page.

Crane and rigging is a floor, not a quote. Ours is built from equipment rental plus an operator, which assumes self-performing. A crane service company charges portal-to-portal with a four-hour minimum, so expect more.

Air-to-water heat pump efficiency is manufacturer-declared. There is no US certification programme that rates air-to-water heating performance, the relevant standard certifies the manufacturer's selection software, and it is a cooling standard. Treat those figures as claims, not ratings.

Prevailing wage prices the wage rate, not the outcome. If you selected it, we raise the labour cost accordingly, but 20 of 26 peer-reviewed studies find no statistically significant effect on final project cost, because productivity substitution absorbs much of the rate difference. Our figure is closer to an upper bound.

Assumptions & Methodology
How This Is Calculated

• Heat pump heating efficiency calculated using manufacturer COP ratings, adjusted for your local climate using piecewise temperature band model. Annual heating energy derived from your energy bills or DOE CBECS EUI benchmarks.

• Install costs are regionally adjusted using BLS May 2024 HVAC labor wage data for your state. Commercial systems benefit from economies of scale at larger sizes. Get 2–3 quotes from certified commercial contractors for accuracy.

• O&M costs based on ASHRAE/BOMA industry benchmarks for commercial HVAC maintenance contracts by system type and size.

• Grid carbon intensity uses EPA eGRID 2023 state-level output emission rates. Fuel combustion CO₂ values use EIA/DOE emission factors per fuel type.

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