How it’s calculated
- kWh per day = watts × hours ÷ 1,000
- Monthly kWh = daily kWh × days
- Cost = kWh × rate; yearly = monthly × 12
Worked example
A 1,500 W space heater, 4 hours a day, 30 days, at $0.17/kWh.
Inputs
- Power draw
- 1500 W
- Hours used per day
- 4
- Days used per month
- 30
- Electricity rate
- 0.17 $/kWh
Results
- Cost per month
- $30.60
- Cost per year
- $367.20
- Cost per day of use
- $1.02
- Energy per month
- 180 kWh
- Energy per day of use
- 6 kWh
Assumptions and limits
- Constant power while on. Time-of-use and tiered rates are not modelled.
Verify the result against the applicable local code, adopted code edition, manufacturer instructions and project requirements. See our methodology.
Questions
How much does a 1500 watt heater cost to run?
At $0.17/kWh it costs about $0.26 per hour, or $30.60 a month at 4 hours a day.
How do I find my electricity rate?
Divide the total on your bill by the kWh used. That all-in rate includes delivery charges.