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As of March 2021 for projects starting generating electricity in Turkey from renewable energy in Turkey in July feed-in-tariffs in lira per kWh are: wind and solar 0.32, hydro 0.4, geothermal 0.54, and various rates for different types of biomass: for all these there is also a bonus of 0.08 per kWh if local components are used. [126]
A well designed ground source heat pump installation should achieve an SPF of 3.5, or over 5 if linked to a solar-assisted thermal bank. [6] Example: For a heat pump delivering 120,000,000 BTU during the season, when consuming 15,000 kWh, the HSPF can be calculated as : HSPF = 120000000 (BTU) / (1000) / 15000 (kWh) HSPF = 8
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] The LCOE is an estimation of the cost of production of energy, thus it tells nothing about the price for consumers and is most meaningful from the investor’s point of view.
The cost of heating homes using electricity, used by about a quarter of all homes in the Midwest, is expected to be about $1,200 this winter, up about 6% from a year ago.
Because of their high efficiency and the increasing share of fossil-free sources in electrical grids, heat pumps are playing a role in climate change mitigation. [6] [7] Consuming 1 kWh of electricity, they can transfer 1 [8] to 4.5 kWh of thermal energy into a building.
The unit is operated 120 days each year for 8 hours per day (960 hours per year), and the electric energy cost is $0.10 per kilowatt-hour. What is its annual cost of operation in terms of electric energy? First, we convert tons of cooling to BTU/h: (4 tons) × (12,000 (BTU/h)/ton) = 48,000 BTU/h. The annual cost of the electric energy is:
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