A homeowner is considering these heating systems for heating his house: Electric resistance heating with $0.12/ kWh and 1 kWh = 3600 kJ, gas heating with $1.24/therm and 1 therm = 105,500 kJ, and oil heating with $2.3/gal and 1 gal of oil = 138,500 kJ. Assuming efficiencies of 100 percent for the electric furnace and 87 percent for the gas and oil furnaces, determine the heating system with the lowest energy cost.
A homeowner is considering these heating systems for heating his house: Electric resistance heating with $0.12/...
A homeowner is replacing his old natural gas furnace that has an overall system efficiency of 57% and requires 105,500 MJ/yr to operate (Required Input). The homeowner is considering replacing the old furnace with either a conventional furnace with an efficiency of 82%, which costs $1600, or a high efficiency furnace with an efficiency of 95%, which costs $3000. Compare the total operating costs (furnace cost + operating costs) over 5, 10, and 15 years to determine which unit the...