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How do we calculate the Savings a power factor correction unit will provide?
This is generally done off your electricity bill. We look at peak demand, which will indicate the size of the unit that you require and the usage & cost of KVA that the consumer is paying, we will then will be input into a spreadsheet that has specific formulas and this will provide an end result. (Please see example).
Max Demand (KVA) | 267 |
PF (now) | 0.75 |
Correcting to...(PF) | 0.98 |
Demand (kW) | 200 |
Current/Ph. (Now) | 371 |
New Current/Ph. | 284 |
New Demand (KVA) | 204 |
Saved KVA | 63 |
kVAr required | 136 |
kVAr Suggested | 150 |
Installed Cost (estimate) | $14,150.00 |
$/KVA(as shown on monthly Bill). | $9.85 |
$/kva/yr. | $118.20 |
Savings/yr | $7,407 |
Payback(yrs.) | 1.96 |
This is a true example that was provided to a customer.
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