Table of Contents
How do you calculate utilities per square foot?
Electricity bills can vary substantially from the size of your home. It is therefore useful to look at how much each square foot costs you in electricity. To estimate your own expenses per square foot, take your last monthly electric bill, and divide it by the surface of your home.
How do I estimate utility costs?
While it can be hard to pinpoint precisely how much your electric and water bill will cost you each month, credit counseling agencies suggest planning to pay anywhere from 5% to 10% of your annual income for all of your utilities.
What is the cost formula for the utility cost?
Divide total utility costs by total business costs to find the decimal portion of utility expenses. For example, if your annual utility costs are $25,000 and your total business expenses are $400,000, then the portion of your total costs represented by your utility costs is $25,000 divided by $400,000, or 0.0625.
How much electricity does a 2500 square foot house use?
A 2,500 sq. ft. home came in at 12,271 kWh, and residences that measured 3,000 sq. ft. or greater used an average of 14,210 kWh in 2015.
How do you calculate electricity usage?
You can do this simply by multiplying the appliance’s wattage by the number of hours it is used per day (see equation below). Since this gives you watt-hours and you need kilowatt-hours, you need to divide that number by 1,000 (a kilowatt equals 1,000 watts).
How much do utilities cost?
US Average Cost of Utilities per Month In the US, people who rent apartments should plan to spend at least $240 per month for utilities,1 and we’ve found that homeowners should budget closer to $400 a month. Of course, climate and energy costs vary from one state to another, so utility bills do too.
How do you calculate utilities percentage?
How to calculate your business’s utilities percentage
- Divide the utility costs by overall costs. You will get a decimal amount of less than 1.
- Multiply that decimal amount by 100 to get the percentage. You can round off as necessary.
What is the cost equation formula?
The equation for the cost function is C = $40,000 + $0.3 Q, where C is the total cost. average cost (the total cost divided by the quantity produced; AC = C/Q) is another interesting measure to track. This is calculated by dividing the total cost by the quantity.
How do I calculate electricity consumption?
How to Calculate Power Consumption in kWh?
- Daily Power Consumption. Daily Power Consumption = Wattage rating x time in hours. 2000 Watts x 3 Hrs = 6000 Watts-Hour.
- Monthly Power Consumption. Monthly Power Consumption = Wattage rating x time in hours. 2000 Watts x 3 Hrs x 30 days = 180000 Watts-Hour.
- Annual Power Consumption.
How do I calculate how much electricity my house uses?
To calculate power consumption of any appliance, you have to multiply it’s wattage by the number of hours it is being used (operational hours). For example, a 1000 watt electric iron running for one hour will consume (1000 watt X 1 hour) 1000 watt hour or 1 kilowatt hour (kWh) of electricity.