Operating Cost Formula:
From: | To: |
Definition: This calculator estimates the operating cost of a tankless water heater based on flow rate, temperature rise, efficiency, and energy costs.
Purpose: It helps homeowners and professionals estimate energy costs for tankless water heating systems.
The calculator uses the formula:
Where:
Explanation: The formula calculates the energy required to heat water and converts it to cost based on electricity rates.
Details: Accurate cost estimation helps in budgeting, comparing systems, and understanding energy consumption patterns.
Tips: Enter the flow rate, temperature rise, efficiency factor (default 0.95), electricity cost (default $0.12/kWh), and usage time. All values must be > 0.
Q1: What's a typical flow rate for residential use?
A: Most homes use 2-5 GPM, depending on the number of fixtures in simultaneous use.
Q2: Why is 8.34 in the formula?
A: This is the weight of one gallon of water in pounds (8.34 lbs/gal).
Q3: What temperature rise should I use?
A: Typical rise is 50-70°F (from 50°F groundwater to 120-140°F output).
Q4: How does efficiency affect cost?
A: Higher efficiency (closer to 1.0) means lower operating costs.
Q5: Can I use this for gas tankless heaters?
A: No, this calculates electric heater costs only. Gas models require different calculations.