Switching from electrical heating to heat pumps can help building owners save significantly on heating costs. To pique the interest of electrically-heated multi-unit residential building (EMURB) property owners in Ontario, The Atmospheric Fund (TAF) developed this Microsoft Excel-based tool. Part of the Pumping Energy Savings program, the Business Case Assessment Tool – or BCAT for short – shows the potential costs and benefits of implementing a heat pump retrofit. The tool is intended as a conversation starter and precursor to an in-depth engineering assessment.
In addition to potential costs and savings, the tool also estimates applicable rebates for a heat pump retrofit based on the entered EMURB data. Users can also find out the contact details for their local utility conservation department based on the provided property address. This makes it easy to connect and find out more about local conservation incentives.
To increase user friendliness and to limit required inputs, the BCAT uses modeling parameters and backend default values. More advanced users have the option to override some of these. Please ensure you have macros enabled in Excel before using this file.