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Operating costs for home fuel cells can be as low as 6.0¢ per kWh based on $1.20 per therm for natural gas, assuming full electrical and heat load utilization. [ where? ] [ citation needed ] Residential fuel cells can have high initial capital costs – As of December 2012, Panasonic and Tokyo Gas Co., Ltd. sold about 21,000 PEM Eni-Farm units ...
House Bill 79 would charge residential customers up to $1.50 each month to pay utilities for rebates and discounts on smart thermostats, energy-efficient appliances and other ways to reduce ...
But for an instantaneous fuel consumption rate, the thermal efficiency may be better. The theoretical limit for a conventional furnace's instantaneous efficiency is 100%, whereas a heat pump used for building heating may exceed 100%. For example, a COP of 1.5 is equivalent to 150%. Heat pumps are readily available for electric and gas sources. [3]
The cost of energy production depends on costs during the expected lifetime of the plant and the amount of energy it is expected to generate over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [5]
Economically, electric heat can be compared to other sources of home heating by multiplying the local cost per kilowatt hour for electricity by the number of kilowatts the heater uses. E.g.: 1500-watt heater at 12 cents per kilowatt hour 1.5×12=18 cents per hour. [18]
The Consortium for Energy Efficiency (CEE) is a nonprofit 501(c)(3) organization that promotes the adoption of energy efficient products and services. CEE specifications are referenced by the United States Department of Energy and by the efficiency programs of many natural gas and electric utilities in the United States and Canada. [3]
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