As I suspected... Despite the bogus advertising claims, that is NOT a "3HP" compressor. It can't be, given the "15 Amps" claim. A real 3HP compressor REQUIRES at least a 25-Amp circuit (which in practice generally means 30A, which also helps avoid nuisance trips at start-up). And for ca. $600+, you can indeed get any number of REAL 3HP compressors; for example:
The Lowes amperage is a typo, the actual draw on that compressor is 14.7 Amps.
http://www.grainger.com/product/INGERSOLL-RAND-Electric-Air-Compressor-4YW09
It still goes back to this... 745 watts per hp. 230 volts ~ V*A=W (assuming the current is in phase with the voltage) you will need:
(745W * 3 HP)/230= 9.73 Amps
A 100% efficient, 3 hp 230 V motor with the current draw in phase with the voltage requirs amps at 230 volts.
Since the current will be out of phase with the voltage, the apparent power will be higher.
For a power factor of .82 the amperage will be 12.14 Amps. Again, thats for a 100% efficient motor.
Real world, figure 80% efficiency... That gets you to about 15 amps of full load draw. Pretty close to the published specs. The lower the power factor, the lower the current.
Look up almost any 3 hp 230 V 3450 RPM motor and you will find that its name plate rating is around 15 amps.
Two, 3HP motors that have a name plate rating of 12 and 15 amps. The machines they are installed on both came with 20 amps plugs, and run on 20 amp breakers without any tripping.