To calculate energy usage, multiply watts by hours and divide by 1,000 to get kilowatt-hours. A 500-watt device running 6 hours a day uses (500 × 6) ÷ 1000 = 3 kWh per day. That scales to 90 kWh a month and about 1,095 kWh a year — which, at $0.17/kWh, costs roughly $186 annually. The calculator above returns all four figures the moment you enter your device.
Energy usage is the missing link between a device's nameplate wattage and the numbers on your electricity bill. Your utility bills kilowatt-hours, not watts, so knowing a device is "500 watts" tells you nothing about its cost until you factor in how long it runs. This tool performs that conversion and, because you supply your own rate, translates the energy straight into a personalized yearly cost.