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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 ...
In some areas electrical resistance heating is used, especially where the cost of electricity is low or the primary purpose is for air conditioning. Modern high-efficiency furnaces can be up to 98% efficient and operate without a chimney, with a typical gas furnace being about 80% efficient. [1]
According to the U.S. Energy Information Administration (EIA), "Electricity prices generally reflect the cost to build, finance, maintain, and operate power plants and the electricity grid." Where pricing forecasting is the method by which a generator, a utility company, or a large industrial consumer can predict the wholesale prices of ...
Electrical heating systems occur less commonly and are practical only with low-cost electricity or when ground source heat pumps are used. Considering the combined system of thermal power station and electric resistance heating, the overall efficiency will be less than for direct use of fossil fuel for space heating. [1]
The incentives come as drivers increasingly look toward electric alternatives in the face of historically high gas prices. While the national average for a gallon of gasoline fell to $4.19 on ...
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]
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