Heating Cost Formula:
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Definition: This calculator estimates the cost of heating by comparing different fuel sources based on energy use, price per unit, and system efficiency.
Purpose: It helps homeowners and businesses determine the most cost-effective heating options for their needs.
The calculator uses the formula:
Where:
Explanation: The formula accounts for both the raw energy costs and how efficiently your system converts that energy into usable heat.
Details: Comparing heating costs helps identify potential savings, evaluate system upgrades, and make informed decisions about energy sources.
Tips: Enter the energy use in units, price per unit in dollars, and system efficiency percentage. All values must be > 0.
Q1: What energy units should I use?
A: Use consistent units (therms for gas, kWh for electricity, gallons for oil) when comparing different systems.
Q2: Where can I find my system's efficiency?
A: Check your equipment specifications or look for AFUE ratings (Annual Fuel Utilization Efficiency).
Q3: Should I include delivery charges in price per unit?
A: Yes, include all costs associated with obtaining the fuel (base rate + delivery + taxes).
Q4: How does efficiency affect costs?
A: Higher efficiency systems require less fuel to produce the same amount of heat, lowering costs.
Q5: Can I compare different fuel types?
A: Yes, but you'll need to convert all energy use to equivalent heat output (BTUs) first.