Energy Cost Formula:
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Definition: This calculator estimates the electricity cost of operating LED lights based on their power consumption, usage time, and local electricity rates.
Purpose: It helps homeowners and businesses understand and compare the operating costs of different lighting options.
The calculator uses the formula:
Where:
Explanation: The formula converts watt-hours to kilowatt-hours (dividing by 1000) then multiplies by the electricity rate.
Details: Understanding operating costs helps in making informed decisions about lighting upgrades and estimating energy bills.
Tips: Enter the LED wattage (found on bulb packaging), estimated daily/monthly usage hours, and your local electricity rate (default $0.12/kWh).
Q1: How accurate is this calculator?
A: It provides a good estimate, but actual costs may vary based on voltage fluctuations and dimmer usage.
Q2: What's a typical electricity rate?
A: In the US, rates average $0.12-$0.15/kWh, but check your utility bill for exact rates.
Q3: How do LED costs compare to incandescent bulbs?
A: LEDs typically use 75-80% less energy for the same light output.
Q4: Should I use daily or monthly hours?
A: Either works - just be consistent (daily hours × 30 for monthly estimate).
Q5: Does this include bulb replacement costs?
A: No, this only calculates electricity costs. LEDs last much longer than other bulbs.