I have been retired for a while so take this information at what you paid for it. According to the code book I have (not the latest) the amp load on a 1hp motor is 8 amps at 230 volts. Then you mult by 1.25 to get 10 amps for you full load current. 500 feet of 12/2 uf w grd. has a vd of 7 volts. This is the cheap way of doing it.
You dont say if you want to run in pvc or direct burial, either will work. In the future if you ever want to add anything out by your pump you may want to go with the bigger wire and a neutral. Greg may has the better system. My motto was always "Do it once and do it right and be done with it."
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