Cost Of Running Appliances By Michael Del Greco
Only when our children become adults will they appreciate why we want them to turn off the lights it costs hard-earned money to pay the bills. The following formula will help you figure out how much each appliance is costing to operate. Being aware of these costs will bring about a greater appreciation for conservation and will save you more than a few dollars in the process.
The cost to operate appliances is based on the following: 1) The cost of fuel 2) The time the appliance is operating 3) The fuel type and quantity required. The cost of fuels varies depending on your geographic location and utility company. Electricity may cost consumers approximately 4¢ per kilowatt hour (kwh) in Spokane or Seattle, Wash. to approximately 17¢ per kwh in Long Island, NY. One kwh of electricity produces 3412 British Thermal Units (BTUs) of heat/energy.
To determine the monthly cost to operate electric appliances or lighting, you need to multiply the wattage of the appliances or lighting by the number of hours each is used per day. Then multiply this by the number of days in the month times the cost of the fuel. Here's an example: 4,500 watts (water heater) divided by 1,000 X approximately 6 hours per day X 30 days X.11¢ per kwh of electricity. Multiply this times 12 for the annual cost.4,500 watts divided by 1,000 = 4.5 kilowatts.4.5 kilowatts X 4 hours per day = 18 kilowatts per day.18 kilowatts per day X 30 days = 540 kilowatts per month. 540 kilowatts per month X .11¢ kwh = $59.40 per month. $59.40 per month X 12 months = $712.80.
Here is a list of appliances and their approximate cost to operate. These figures are based on rates of 11.4¢/kwh (electric) and 63¢ therm (natural gas).
Appliance Cost
So when your kids complain about having to run back upstairs to turn off the lights, tell them the exact amount they are saving the family. If they are smart, they will probably ask to use that saved money to buy something valuable, like a carton of ice cream. Information provided by Michael Del Greco, New Jersey Home Inspector Lic. GI 0121, American Society of Home Inspectors Member 102273, President of Accurate Inspections, Inc. A West Paterson New Jersey Home Inspection firm.
Thanks Michael for talking to us about the cost of running appliances, very informative and eye opening.
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