Ruuning a single speed pump with one lead unhooked will not burn your motor up. It just will not run at all.........but you will save money for sure!
Another idea some people have about pump operation cost is that it is cheaper to run a motor off 240 volt than it is to run the same motor off of 120 volt. At the power meter the cost is the same. (This is assuming you have a dual voltage motor)
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