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The energy cost of heating is one of the main costs of operating a building in a cold climate. Some central heating plants can switch fuels for reasons of economy and convenience; for example, a home owner may install a wood-fired furnace with electrical backup for occasional unattended operation.
At $1 per therm, the cost of the gas would be about 40 cents. In comparison, a typical 230 L (60 US gal) tank electric water heater has a 4.5 kW (15,000 BTU/h) heating element, which at 100% efficient results in a heating time of about 2.34 hours. At $0.16/kWh the electricity would cost $1.68.
Such a system contains a boiler, furnace, or heat pump to heat water, steam, or air in a central location such as a furnace room in a home, or a mechanical room in a large building. The heat can be transferred by convection, conduction, or radiation. Space heaters are used to heat single rooms and only consist of a single unit.
AFUE = furnace efficiency ≈ 95% for a modern condensing furnace COP = heat pump coefficient of performance ≈ 3.2 seasonally adjusted for northern US heat pump EI = emissions intensity of electricity ≈ 200–800 ton(CO 2 )/GWh, depending on the region's mix of electric power plants (Coal vs Natural Gas vs Nuclear, Hydro, Wind & Solar)
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
The therm (symbol, thm) is a non-SI unit of heat energy equal to 100,000 British thermal units (BTU), [1] and approximately 105 megajoules, 29.3 kilowatt-hours, 25,200 kilocalories and 25.2 thermies. One therm is the energy content of approximately 100 cubic feet (2.83 cubic metres) of natural gas at standard temperature and pressure .
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