I have an electric heater. It currently charges at night-time rates. I also have solar panels. When I feed electricity back into the grid, I receive an injection payment. I would now like to calculate how much my solar panels need to generate to make it worthwhile to charge the heater during the day using the solar panels.
The data is:
- Cost of electricity during the day: 18.13 € cent/kWh
- Cost of electricity at night: 14.94 € cent/kWh
- injection payment: 3.73 € cent/kWh
- Heating consumption: 5.5 kWh
So how much do the solar panels need to generate to make it cheaper to charge during the day? And how do you calculate this?