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Estimate calculation, water heating cost,  four person 5  years:


Energy used to heat water is calculated according to the formula

Q = m * cs * (Tu-Tr)

Q = energy used
M = litres of water to be heated
cs = 1 cal/(g ºC) i.e. one calorie need to be used to increase the temperature of
one gramme of water by one degree. 1 cal = 4.186 j.
Tu = hot water temperature in use
Tr = water temperature within the public network


Assuming: each person uses 50 litres of water per day at temperature of 45°C water
temperature of the public network is considered to be 15°C

Q = 50kg * 4.186 kj/kg *30°C = 6.279 kj = 1.74 kWh


Assuming:  90% efficiency of the electric element: 1.933 kWh

Costs per kWh incl. taxes and indirect charges:  0.088 €

Daily costs per person 1.933 * 0.088                0.1701 €

Monthly costs per person 0.17 € * 30                5.1031 €

Yearly cost per person 0.17 € * 365                   63 €

Yearly cost for 4 (family) persons per year                252€
  Convention electrical
Solar system
Purchase cost
150€  
1500€
Installation  
50€
350€
Subsidy
0
451.5€
Yearly cost
(four persons)
252€
75
After 5 years
1460€    
1473.5€
After 6 years
1712€
1520€
After 7 years
1964
1595€
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Cost comparison between convention electrical water heater and solar system: