Would you like to know how much you spend on the electricity of your pump? You may find the following formula will be helpful.
First you need to find out what your pump horsepower is, then get your electricity rate from your monthly statement. Here we go.
Cost = ( Horse Power x 746 x Hours x Days x rate ) / 1000
i.e. if the horsepower of your pump = 1 HP and you are running 24 hours for 30 days, the rate is $0.06 for 1 KWH, so your monthly bill for pump itself will be as follow:
Cost = ( 1 x 746 x 24 x 30 x 0.06 ) / 1000 = $32.22 ( tax excluded)