Investment on Heat Pumps

Abstract

Recent scientific researches show that human influence on climate change due to the use of conventional energy is continuously affecting the world. By all means, conventional energy sources destruct the earth, living standards of environment, and health leading to unnecessary risks and high costs. Therefore, nations focus to find new solutions of renewable energy sources which are clean, healthful, smart, and affordable. This chapter explores one of the new forms of smart energy management systems for heating called “heat pump” and its development in Turkey. Heat pumps offer smart heating solutions for buildings that lower the imported energy costs in the economies. The study shows that as Turkey facing severe financial burdens, major factors still act against the progress of renewable energy investments and energy efficiency solutions. However, efforts to improve energy saving investments like heat pumps could be promising for cheap and smart energy source, if only Turkey sticks to a sound action plan developing public awareness and education.