Energy Cost Formula:
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Definition: This calculator estimates the electricity cost based on device power consumption, usage time, and electricity rate.
Purpose: It helps homeowners and businesses understand and predict electricity expenses for various appliances and equipment.
The calculator uses the formula:
Where:
Explanation: The formula converts watts to kilowatts (dividing by 1000), then multiplies by usage hours and electricity rate to determine cost.
Details: Understanding energy costs helps with budgeting, comparing appliance efficiency, and identifying potential energy savings.
Tips: Enter the device's power rating in watts, usage time in hours, and electricity rate (default $0.12/kWh). All values must be > 0.
Q1: Where can I find an appliance's power rating?
A: Check the label, manual, or manufacturer specifications. Some devices list amps and volts instead (P = amps × volts).
Q2: What's a typical electricity rate?
A: Rates vary by location but average $0.12-$0.20/kWh in the US. Check your utility bill for exact rates.
Q3: Can I calculate monthly costs with this?
A: Yes, multiply daily usage hours by 30 or input monthly hours directly.
Q4: Why divide by 1000?
A: Electricity is billed per kilowatt-hour (kWh), and 1 kW = 1000 watts.
Q5: Does this include all utility charges?
A: No, this calculates only energy consumption cost. Actual bills may include additional fees and taxes.