Heating Cost Formula:
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Definition: This calculator estimates the cost of home heating based on fuel consumption, price per unit, and system efficiency.
Purpose: It helps homeowners compare heating costs between different fuel types and heating systems.
The calculator uses the formula:
Where:
Explanation: The raw fuel cost is adjusted by the system's efficiency to show actual heating value received.
Details: Comparing heating costs helps homeowners make informed decisions about fuel choices and system upgrades for maximum cost efficiency.
Tips: Enter the fuel consumption, price per unit, and system efficiency (default 80%). All values must be > 0.
Q1: What units should I use for fuel consumption?
A: Use consistent units (gallons for oil, therms for gas, kWh for electricity) that match your price per unit.
Q2: Where can I find my system's efficiency rating?
A: Check your furnace/boiler specifications or look for the AFUE (Annual Fuel Utilization Efficiency) rating.
Q3: How does efficiency affect heating costs?
A: Higher efficiency systems convert more fuel to usable heat, reducing waste and lowering effective costs.
Q4: Can I compare different fuel types?
A: Yes, but you'll need to run separate calculations for each fuel type using appropriate units and efficiencies.
Q5: Does this include installation or maintenance costs?
A: No, this only calculates operational fuel costs. Consider other factors when evaluating total cost of ownership.