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Hours of usage per year: 25 hours per week x 48 weeks = 1200 hours

kW per hour: (Amps x volts = Watts) 8 Amps x 240 volts = 1920 Watts per hour (1.92 kW)

1200 hours x 1.92 kW = 2304 kWh

2304 kWh x .05 = $115.20

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