The equation q = ka(t1 - t2)/d describes the heat transfer rate through a material, where 'q' represents the amount of heat transferred, 'k' is the thermal conductivity of the material, 'a' is the cross-sectional area, 't1' and 't2' are the temperatures on either side of the material, and 'd' is the thickness of the material. This relationship is fundamental in understanding how heat flows through different materials and how thermal resistance plays a role in that process.