DOE Energy Savings Formula:
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The DOE Energy Savings Calculator estimates cost savings from energy efficiency improvements by comparing baseline energy consumption with efficient energy consumption at a given energy rate.
The calculator uses the DOE energy savings formula:
Where:
Explanation: The equation calculates the monetary savings achieved by reducing energy consumption from baseline to efficient levels at the specified energy rate.
Details: Accurate energy savings estimation is crucial for evaluating the financial benefits of energy efficiency projects, making informed investment decisions, and tracking performance of energy conservation measures.
Tips: Enter baseline and efficient energy consumption in kWh, and energy rate in $/kWh. All values must be valid positive numbers.
Q1: What is considered baseline energy consumption?
A: Baseline energy consumption refers to the energy usage before implementing energy efficiency measures or improvements.
Q2: How do I determine efficient energy consumption?
A: Efficient energy consumption is the projected or measured energy usage after implementing energy efficiency improvements.
Q3: Where can I find my energy rate?
A: Energy rates are typically listed on your electricity bill in dollars per kilowatt-hour ($/kWh).
Q4: Are there limitations to this calculation?
A: This calculation provides an estimate and may not account for seasonal variations, time-of-use rates, or other complex billing structures.
Q5: Can this calculator be used for other energy types?
A: While designed for electricity, the same formula can be applied to other energy types by using appropriate consumption units and rates.