You operate a store that's heated by an oil furnace supplying 30 kWh of heat from each gallon of oil. You're considering switching to a heat-pump system. Oil costs \(\$ 1.75 /\) gallon, and electricity costs \(16.5 \notin / \mathrm{kWh} .\) What's the minimum heat-pump COP that will reduce your heating costs?

Short Answer

Expert verified
The minimum COP for the heat pump to be cost-effective as compared to the oil furnace is 283.17.

Step by step solution

01

Calculate the Oil Furnace Efficiency

The oil furnace supplies 30 kWh of heat from each gallon of oil. So, for each dollar spent on oil, the system produces \(30 kWh / 1.75 $ = 17.14 kWh/$\).
02

Calculate Electricity Costs

Next, calculate how much heat can be obtained per dollar from electricity. This will be \(1 kWh / 16.5 $ = 0.0606 kWh/$\), based on the given electricity cost.
03

Calculate Minimum Heat-Pump COP

The heat pump has to be at least as efficient as the oil furnace, that means the COP must be the ratio between the efficiency of the oil furnace and the cost of the electricity, or COP = \(17.14 kWh/$ / 0.0606 kWh/$ = 283.17\). This is the minimum COP for the heat pump to be as cost-effective as the oil furnace.

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