Energy Cost Formula:
From: | To: |
Definition: This calculator estimates the cost of electricity based on energy usage in kilowatt-hours (kWh) and the electricity rate.
Purpose: It helps homeowners and businesses estimate their electricity bills or compare energy costs for different appliances.
The calculator uses the formula:
Where:
Explanation: The energy usage is multiplied by the electricity rate to calculate the total cost.
Details: Understanding energy costs helps with budgeting, identifying energy-saving opportunities, and comparing appliance efficiency.
Tips: Enter the energy usage in kWh and electricity rate in $/kWh (default 0.12). All values must be > 0.
Q1: Where can I find my electricity rate?
A: Check your utility bill or contact your electricity provider. Rates typically range from $0.10 to $0.30 per kWh.
Q2: How do I find an appliance's energy usage?
A: Look for the wattage rating on the appliance, then calculate: (Watts × Hours used) ÷ 1000 = kWh.
Q3: Does this include all utility charges?
A: No, this calculates only the energy charge. Actual bills may include additional fees, taxes, or fixed charges.
Q4: Can I use this for solar calculations?
A: Yes, you can use it to estimate savings by comparing grid costs vs. solar production costs.
Q5: How accurate is this calculator?
A: It provides basic estimates. For precise calculations, consult your utility's rate structure which may include tiered pricing.