The dynamic characteristics of both raw-water source and air source heat pump utilized in water treatment facilities were investigated by using TRNSYS simulator. The modeling of the raw water source heat pump was verified by the measured data at the Cheongju water treatment facility, and the modeling at the air source heat pump was verified by the data from the Siheung water treatment facility. The average heating and cooling COPs from the raw-water source heat pump were higher than those of the air source heat pump by 19% and 18%, respectively. The power consumptions of the air source heat pump for the cooling and the heating were higher than those of the raw water source heat pump by 28% and 26%, respectively.