To find the cost of electricity, multiply the kilowatt-hours by your price per kWh. 30 kWh at $0.17/kWh costs $5.10. One kilowatt-hour at that rate is 17 cents. If you use 30 kWh every day, that projects to about $153 a month and $1,862 a year. The calculator above does the multiplication and the projections the instant you enter your own rate.
A kilowatt-hour is the fundamental unit of energy billing worldwide: it is the energy of a 1,000-watt load running for one hour. Your electricity meter counts kWh, and your utility charges a set price for each one. This tool exists to convert that count into money quickly and accurately — and because you enter the rate you actually pay, the answer is exact for your home rather than a generic estimate.