wannabegreener said:Highbeam said:wannabegreener said:My electric company reports that a 20 gal tank will cost $77 per month to run. Electricity is expensive in NH.
Here's your problem, you're hung up on this.
A 20 gallon tank costs nothing to run if you don't use it. It can certainly cost more than 77$ if you overuse it. The cost to heat X gallons of water is the same nomatter how big the tank is. A btu is a btu, a watt is a watt.
When you say heat pump are you considering a heat pump water heater? Those are actually pretty attractive for basement installs where you also need humidity control.
Highbeam
I know I'm hung up on this. Mostly because nh has high electric costs. People I known that have electric HW tanks, want to change them because of costs. I understand that if you don't use water, it will be fairly cheap, but I'm assuming I'm using water.
If I'm using .87 gal of oil a day with an 86% efficient boiler, I'm putting 105,000 btus into heating water. Granted that some of these btus are left over in the boiler and lines leading to the HW tank, I just don't know ho to figure this amount out.
.87 * 30 days * $3.50 = 91.35 per month for oil
1 watt-hr is 3.41 btus
105,000 / 3.41 = 31kwh
31 khw * $.17/kwh * 30 days = $158.00
My left over heat would have to be 43% of the total used. I can't imagine it is that high. I have a low mass boiler that tries to dump all extra heat into the last zone asking for heat.
If my numbers are wrong, please let me know.
Thanks
Your calc assumes that your elec tank would have the same standby losses as your oil system. You are correctly comparing the cost of oil and elec BTUs, but as we said before we think you are losing 2 BTUs to standby losses for every one that goes to delivering DHW. So, if a conventional elec tank used 1/3 the BTUs, its $53/mo and a HP unit at a conservative seasonal average COP=2 would use half THAT, or $26/mo.
IOW, the $77/mo for a tiny tank number from your utility is utter BS.