Estimation of the initial investment cost in systems equipped with heat pumps using regression analysis

Abstract

"The present research aims to obtain a mathematical model for estimating the costs involved in the initial investment for heat pump systems using the regression analysis. In the current economic context towards a climate-neutral Europe by 2050, heat pumps are becoming increasingly used in the buildings sector. As innovative and sustainable heat energy systems, they require a higher capital investment than conventional heating and cooling systems. Therefore, this study addresses the current needs by carrying out a comprehensive analysis of the costs involved in the initial investing in a heat pump system. Three regression analyses will be carried out to estimate the costs for air source heat pumps, ground source heat pumps and water source heat pumps respectively."