Answer:
$84
Explanation:
The coefficient of performance (COP) show the relationship between the power (kW) output of the heat pump and the power (kW) input to the compressor.
The heater consumed by the heater is 1200 kWh.
For a heat pump with a COP of 2.4, the electric input needed to produce an output of 1200 kWh is:
Electric input to heat pump = 1200 / 2.4 = 500 kWh
That means that supplying a heat pump with 500 kWh produces an output of 1200 kWh
The amount of power saved = power consumed by heater - power consumed by heat pump = 1200 - 500 = 700 kWh
Money saved = $0.12/kWh * 700 kWh = $84
