The power ratings for IcePower are very clear as to what is peak, maximum continuous, etc. I am not sure how other manufacturers are, but there is no ambiguity here for this Class D amp. If you take a look at the specifications table for the 1200AS2 section 8
datasheet, we see that max continuous power of 1200w for 1 channel driven without thermal shutdown is 15sec (120vac mains). But for continuous output without thermal shutdown is only 280w. It’s much better for 240vac mains so a lot of this appears to be limited by the on board PSU.
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With the TPA3255 (assuming now, that’s what is inside the PA5) the specs depend on the rail voltage and the amount of THD one can tolerate. For 53.5v rail and 1% THD for a signal at 1kHz, TI states in the datasheet that the amp can provide 155w per channel. This assumes that adequate heatsinking is provided and that the PSU can provide the goods. I have done continuous sine wave testing in the TPA3255 with a good heatsink and sufficiently large 600w SMPS and can confirm that it will make 150w continuously. The heatsinking here is not trivial - using an CNC milled thermal transfer block to a large 6mm thick plate aluminum chassis floor. Those small finned heatsinks they bolt onto run of the mill TPA3255 amps from China will not dissipate 30w (strereo) continuously. But not to worry, the TPA3255 has built in thermal protection shutdown, and it will give a fault LED warning if it does so. It also tells you if it is clipping and also shut down if there is excessive clipping.
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The PA5 has a PSU de-rated from the 53.5v max to 38v, so this will impact the max power. The way to estimate max voltage swing of a BTL amp is to take the rail voltage and multiply by 2x and subtract 8v (for 2x 4v dropout due to MOSFET output). This is 68v and matches what they state as max output swing. 68v / 2.83 is 24vrms output. Power is V^2/R so this is 72wrms. It appears that the 140w spec is for
both channels into 8ohms. But 140w per channel into 4ohms.
So really, this is a 70w per channel amp for folks with 8ohm speakers.
That’s just the math behind the PSU voltage stated on the back panel.