Determining the annual operating cost of a 60-watt fan involves calculating the total energy consumed over a year and multiplying it by the electricity price per kilowatt-hour. For example, a fan running continuously for a year would consume 525.6 kilowatt-hours (60 watts 24 hours/day 365 days/year / 1000 watts/kilowatt). The final cost would then depend on local electricity rates.
Understanding operational expenses is crucial for budgeting and energy conservation. By calculating the yearly cost of running appliances like fans, consumers can make informed decisions about usage and potentially identify areas for cost savings. This awareness contributes to both personal financial management and broader efforts toward sustainable energy consumption, particularly as electricity costs fluctuate and environmental concerns rise.