Energy Savings Formula:
From: | To: |
Definition: This calculator estimates the cost savings from upgrading to a more energy-efficient HVAC system by comparing energy consumption.
Purpose: It helps homeowners, facility managers, and energy auditors evaluate potential savings from HVAC upgrades or replacements.
The calculator uses the formula:
Where:
Explanation: The difference in energy consumption between old and new systems is multiplied by the energy price to determine monetary savings.
Details: Proper savings estimation helps justify HVAC upgrades, forecast ROI, and make informed decisions about energy efficiency investments.
Tips: Enter the old system's annual kWh usage, new system's estimated kWh usage, and your local energy price (default $0.12/kWh). Old system usage should be greater than new system usage.
Q1: Where do I find my old system's energy usage?
A: Check your utility bills for annual kWh consumption or use an energy monitoring device.
Q2: How do I estimate new system energy use?
A: Look for the EnergyGuide label on new equipment or consult manufacturer specifications.
Q3: What's a typical energy price?
A: U.S. average is about $0.12/kWh, but check your local utility rates for accuracy.
Q4: Does this include maintenance savings?
A: No, this only calculates energy cost savings. Newer systems often have lower maintenance costs too.
Q5: Can I use this for commercial systems?
A: Yes, the same calculation applies, just use your commercial energy rates and consumption data.