Electric Heat Cost Formula:
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Definition: This calculator estimates the cost of electric heating based on power consumption, operating time, electricity price, and system efficiency.
Purpose: It helps homeowners and businesses estimate the operating costs of electric heating systems.
The calculator uses the formula:
Where:
Explanation: The formula calculates the raw energy consumption then adjusts for the system's efficiency to determine actual cost.
Details: Accurate cost estimation helps with budgeting, comparing heating systems, and identifying energy-saving opportunities.
Tips: Enter the heater's power rating in kW, operating hours, local electricity price (default $0.12/kWh), and system efficiency (default 100%). All values must be > 0.
Q1: What's a typical efficiency for electric heaters?
A: Most electric resistance heaters are 100% efficient, while heat pumps can be 200-300% efficient (COP of 2-3).
Q2: Where can I find my heater's kW rating?
A: Check the manufacturer's label or specifications. Divide watts by 1000 to get kW (e.g., 1500W = 1.5kW).
Q3: How do I find my electricity price?
A: Check your utility bill for the cost per kWh. The national average is about $0.12-$0.15/kWh.
Q4: Why does efficiency affect cost?
A: Higher efficiency means more heat output per unit of electricity, lowering the effective cost.
Q5: Can I use this for heat pumps?
A: Yes, but use the COP (Coefficient of Performance) as the efficiency percentage (e.g., 250% for COP of 2.5).