I looked up NJ power rates. Let's just say it's 0.10/kwh at 2000 watts...That's around $150/month in electricity alone. Even if you conserve energy, there's the additional cost in initial materials. A conservative estimate would be $5000 the first year. That obviously doesn't include the time in labor.
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I think NJ is 12-13 cents per kw. But ya that's the cost my tank runs during the summers. Winter is merely double the cost.
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