Recently, I was shopping at a local discount store, and there on the shelf was the Black and Decker power monitor for less than half price. It seemed like a great device for any gadget geek, so of course I bought it.
The idea is simple: The device lets you see your home's power consumption in real time in terms of either energy or dollars. At this exact second, my house is consuming 400 watts, or 5 cents per hour. My house has consumed 15 kilowatt-hours since I pushed the "clear" button last night.
You can program in your electricity rates, and it will tell you the energy usage in dollars and cents. It will also estimate the month's energy bill based on the history it has seen.
There are two parts to the device, a transmitter you attach to your power meter and a wireless receiver that displays the data.
Holding the receiver in my hand, I had this strange revelation. I was able to see money draining out of my pocket minute by minute.
For example, when the dryer turns on, the house's power consumption jumps up to 5,000 watts. That means if the dryer runs for an hour, it costs 53 cents. Turn on the space heater, and it uses 1,200 watts. If it runs for eight hours, it costs $1.
One thing that was obvious about 20 minutes after installing the power monitor is that the lights in our kitchen consume 400 watts when they are on, and they are on a lot. If they are on for two and a half hours, it costs a dime.
You might be thinking a dime doesn't matter. But it adds up. Those lights in the kitchen are on about five hours a day. That's 20 cents a day. Over the course of a year, that adds up to $73. I don't know about you, but if someone handed me $73, I would be excited.