Cost Calculation Formula:
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Definition: This calculator estimates the electricity cost of running a motor based on its horsepower rating, operating time, and electricity rate.
Purpose: It helps businesses and individuals estimate energy costs for equipment operation and make informed decisions about energy usage.
The calculator uses the formula:
Where:
Explanation: The horsepower is converted to kilowatts, multiplied by operating hours to get kWh, then multiplied by the electricity rate.
Details: Accurate energy cost estimation helps in budgeting, comparing equipment efficiency, and identifying potential savings.
Tips: Enter the motor's horsepower rating, expected operating time in hours, and your electricity rate (default $0.12/kWh). All values must be > 0.
Q1: Why 0.746 in the formula?
A: 1 horsepower equals 0.746 kilowatts, so this converts mechanical power to electrical power units.
Q2: What's a typical electricity rate?
A: Rates vary by location, but $0.10-$0.30 per kWh is common in the US. Check your utility bill for exact rates.
Q3: Does this account for motor efficiency?
A: No, this calculates theoretical energy use. Actual consumption may be higher due to motor inefficiency.
Q4: Can I use this for multiple motors?
A: Calculate each motor separately, then sum the costs for total energy expenditure.
Q5: How do I find my exact electricity rate?
A: Check your utility bill - it's usually listed as "energy charge" or "supply charge" per kWh.