Energy Cost Formula:
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Definition: This calculator estimates the total cost of electricity based on energy consumption in kilowatt-hours (kWh) and the cost per kWh.
Purpose: It helps homeowners, businesses, and energy professionals calculate electricity expenses for budgeting and analysis.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the cost per unit to determine the total electricity cost.
Details: Accurate cost calculations help in budgeting, comparing energy providers, and assessing energy efficiency measures.
Tips: Enter your energy consumption in kWh and the cost per kWh (default $0.12). Energy must be > 0, cost can be 0 for free electricity.
Q1: Where can I find my cost per kWh?
A: Check your electricity bill or contact your energy provider. Rates often vary by time of day and usage tiers.
Q2: What's a typical cost per kWh?
A: In the US, average residential rates range from $0.10 to $0.30 per kWh. Commercial rates are often lower.
Q3: Does this include taxes and fees?
A: No, this calculates base cost only. Add 5-20% for typical taxes and utility fees.
Q4: Can I use this for solar/wind calculations?
A: Yes, use your system's kWh production and your avoided cost (what you would have paid the utility).
Q5: How do I find my energy consumption?
A: Check your electricity meter or bill. Many smart devices and apps can also track kWh usage.