Enerfina Savings Calculator
Welcome to the Enerfina Fuel Savings Calculator. From here you will be able to get a sense of the potential cost savings available by making the switch to green energy solutions. Use the calculator to compare the cost of your current heating solution with a green energy solution. Input the approximate size of your home (in sq. meters) and click on "Calculate Savings" to see the savings you could achieve over a 25 year period.
The calculator presents yearly and cumulative cost comparisons between your current heating solution with a green energy solution. Note: All resultant data is intended to be INDICATIVE only.
Assumptions
To simplify the calculation and allow for a quick cost/savings comparison, Enerfina has assumed the following static factors (as of January 2008):
- Owners of Oil & Gas boilers incur no investment cost, i.e. we have assumed that they have fully paid off their oil and gas boiler
- If you select to "Pay in Full", our model assumes a full payment up front (net of any Government grants)
- Required investment amount is net of any government grants:
- Boiler plus Install & Commission - €5000 (standard grant €3000)
- Heat Pump Install & Commission - €7000 (standard grant €2500)
- All investments are fully financed with unsecured loans at a rate of 5% APR.
- All loans are paid off over a 7 year term
- A wood pellet fuel cost of €235 per tonne is used in calculations (w/ 5% increases p.a.)
- Home heating oil is costed at €0.72/litre (based on commercial market prices - Jan. 2008) and assuming 7.5% increases p.a.
- Electricity is costed at the General Domestic Rate - €0.163/kWh
- Natural gas is costed at a Standard Rate - €0.06/kWh (based on the SEI fuel comparison sheet - Oct. 2007)
- Boiler efficiencies are assumed as follows:
- Wood Pellet - 90%
- Oil & Gas - 70%
- Energy content of fuel:
- Wood Pellet - 4.8 kWh/kg
- Oil - 10.55 kWh/litre
- Annual Maintenance Costs of €100, increasing by 1.5% p.a., apply