Cost Per kWh Formula:
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Cost per kWh (kilowatt-hour) is a measure of electricity price that shows how much you pay for each unit of energy consumed. It's calculated by dividing the total cost by the total energy used.
The calculator uses the simple formula:
Where:
Explanation: This calculation gives you the actual price you're paying for each unit of electricity, which helps in comparing rates and understanding your energy costs.
Details: Knowing your cost per kWh helps you compare electricity rates, evaluate energy efficiency improvements, and understand how different appliances affect your bill.
Tips: Enter your total electricity bill amount in dollars and the total kWh used from your bill. Both values must be positive numbers.
Q1: What's the average cost per kWh in the US?
A: As of 2023, the average residential electricity rate in the U.S. is about $0.15 per kWh, but this varies significantly by location.
Q2: Why is my cost per kWh different from the advertised rate?
A: Your actual cost may include additional fees, taxes, or tiered pricing that aren't reflected in the base rate.
Q3: How can I reduce my cost per kWh?
A: You can shop for better rates (where deregulated), reduce usage during peak hours, or invest in energy efficiency measures.
Q4: Does cost per kWh vary by time of day?
A: Some utilities have time-of-use rates where electricity costs more during peak demand periods.
Q5: How does this compare to solar panel costs?
A: When evaluating solar, compare your current cost per kWh to the levelized cost of solar energy over the system's lifetime.