Watts = amps × volts. 40 A at 120 V = 4,800 W and 40 A at 240 V = 9,600 W. A 40 A breaker should carry at most 80% of that for continuous loads: 3,840 W at 120 V.
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For estimating and educational purposes only. Results are approximate and are not a substitute for a licensed professional, the manufacturer's instructions or your local code. Disclaimer