{"id":166,"date":"2014-09-15T15:01:59","date_gmt":"2014-09-15T15:01:59","guid":{"rendered":"http:\/\/providerpower.com\/power-to-help\/?p=166"},"modified":"2015-05-05T15:29:15","modified_gmt":"2015-05-05T19:29:15","slug":"appliance-costs","status":"publish","type":"post","link":"https:\/\/providerpower.com\/power-to-help\/appliance-costs\/","title":{"rendered":"Who Else Wants to Know How Much Your Appliances Are Costing You?"},"content":{"rendered":"

It may come as a shock to you, but now that technology is more advanced than ever, we have more gadgets and appliances in our homes than we know what to do with. No matter where you look in my house, it seems as though there is something you have to \u201cturn on\u201d or \u201cplug-in\u201d in every corner of every room.<\/p>\n

Granted, most of these things are necessary for our hectic and busy American lives, but do you know how much it\u2019s costing you to use all of those gadgets and appliances every day? Before diving into some of these mind-blowing facts, we will need to get the relevant terms correct.<\/p>\n

If you don\u2019t already know, a kilowatt hour<\/strong> (kWh) is a unit used to measure electricity consumption by electricity suppliers. 1,000 watts is equal to 1 kWh, which is equal to 60 minutes. When supply companies price your household electricity supply, they do it based on cents per kWh. So, for each hour that your appliance is running, you can technically calculate how much money it will cost you.<\/p>\n

Here are the formulas for that:<\/p>\n

Daily Consumption Costs:<\/strong><\/h3>\n

*Wattage of Appliance x Hours Used Per Day = Daily kW Consumption<\/strong><\/strong><\/p>\n

Daily kWh Consumption \/1,000 x kW Rate = Cost Per Day<\/strong><\/p>\n

Annual Consumption Costs:<\/strong><\/h3>\n

Wattage of Appliance x Hours Used Per Day x Days Used Per Year = Yearly kW Consumption<\/strong><\/p>\n

Yearly kWh Consumption \/ 1,000 x kW Rate = Cost Per Year<\/strong><\/p>\n