Cost per Hour Formula:
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Definition: This calculator estimates the hourly operating cost of electrical devices based on their power consumption and electricity rates.
Purpose: It helps homeowners and businesses understand the cost implications of running electrical equipment.
The calculator uses the formula:
Where:
Explanation: The power consumption is multiplied by the electricity rate to determine the hourly operating cost.
Details: Understanding energy costs helps in budgeting, comparing appliance efficiency, and making informed purchasing decisions.
Tips: Enter the device's power consumption in kW (check nameplate or specifications) and your local electricity rate (default $0.12/kWh). All values must be > 0.
Q1: How do I find my device's power consumption?
A: Check the nameplate or specifications (often in watts - divide by 1000 to get kW), or use a power meter.
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: Can I calculate daily/monthly costs with this?
A: Yes, multiply the hourly cost by hours used per day/month. We may add dedicated calculators for these.
Q4: Does this include all energy costs?
A: This calculates direct electricity costs only. Additional fees (demand charges, taxes) may apply.
Q5: Why use kW instead of kWh?
A: kW measures instantaneous power, while kWh measures energy over time. We convert to cost per hour.