Operating Cost Formula:
From: | To: |
Definition: This calculator estimates the operating cost of a water heater based on energy consumption, energy price, and system efficiency.
Purpose: It helps homeowners and businesses estimate their water heating expenses and compare different water heater models.
The calculator uses the formula:
Where:
Explanation: The energy use multiplied by price gives raw cost, then divided by efficiency to account for energy losses.
Details: Understanding operating costs helps in budgeting, comparing appliance efficiency, and making informed purchasing decisions.
Tips: Enter the energy use (from your water heater specs or bills), current energy price, and system efficiency (default 0.9 for 90% efficient units).
Q1: Where do I find my water heater's energy use?
A: Check the EnergyGuide label, manufacturer specifications, or your utility bills for consumption data.
Q2: What's a typical efficiency rating?
A: Conventional storage tanks: 0.9, Heat pump water heaters: 2.0-3.0 (COP), Tankless: 0.8-0.95.
Q3: Should I use kWh or therms?
A: Use kWh for electric heaters, therms for gas heaters. 1 therm = 29.3 kWh.
Q4: How often should I recalculate?
A: Recalculate when energy prices change or if your usage patterns change significantly.
Q5: Does this include maintenance costs?
A: No, this only calculates energy operating costs. Maintenance costs should be considered separately.