I want to install a 40-sq.ft. solar thermal collector, how much will I save?
Calculating savings for solar thermal:
A 40-sq.ft. solar thermal collector equivalents to roughly 2 kW.
40-sq.ft.collector equivalents kW: 2
1 kW System Production kWh/yr: 1,350
| 1 kW System Production kWh/yr: | 1,350 |
| 1,350 kWh x 2 = | 2,700 |
| 2,700 / 12 (no. of months in a yr) = | 225 |
| 225 * $0.14 (OUC rate) = | $ 31.50 |
| Total monthly savings | $ 31.50 |