Electricity Cost Formula:
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Definition: This calculator estimates the electricity cost based on power consumption in watts, hours of use, and the electricity rate.
Purpose: It helps homeowners and businesses understand and predict electricity costs for appliances and devices.
The calculator uses the formula:
Where:
Explanation: The formula converts watts to kilowatts (dividing by 1000), multiplies by hours to get kWh, then multiplies by the rate to get cost.
Details: Understanding electricity costs helps with budgeting, energy efficiency planning, and comparing appliance operating costs.
Tips: Enter the device's wattage, hours of use, and your electricity rate (default $0.12/kWh). All values must be > 0.
Q1: How do I find my device's wattage?
A: Check the device label, manual, or use a watt meter. Many appliances list their power consumption.
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 hours by 30 or enter total monthly operating hours.
Q4: Why divide by 1000?
A: This converts watts to kilowatts (1 kW = 1000 W), since electricity is billed per kilowatt-hour.
Q5: Does this include all electricity costs?
A: This calculates basic consumption cost. Some utilities add fixed fees or tiered rates not reflected here.