How to Estimate Various Types of Electrical Costs
If you are trying to get your personal finances in order, it is useful to start by estimating your electricity costs. If you can determine where the bulk of your electrical bill is going, you can make small changes that, over time, add up and ultimately save you money. For example, if you find through estimating that your computer is taking up a lot of power when you leave it on all night, you could make a change by turning it off. You'll only know, though, by estimating your power consumption cost. Does this Spark an idea?
Instructions
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1
Find the wattage of your most-commonly used units.
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2
Convert your wattages for your larger units to kilowatt hours by dividing them by a thousand. So, a 500-watt dishwasher becomes 0.5 kilowatt-hours.
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3
Multiply the number of kilowatt-hours for your appliance by the amount you are charged on your electricity bill. The result is how much it costs per hour to run that particular appliance.
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4
Estimate how many hours you use the appliance per day, and multiply the cost per hour you have already established by that estimate.
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5
Continue multiplying to find weekly, monthly and yearly costs.
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