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A dryer is one of the least energy efficient appliances in a home and can easily account for 10% or more of energy usage. However, the concern over its cost is often somewhat exaggerated, as neither electric nor gas dryers cost more than $100 to $150 a year to operate â depending on local electricity and gas prices. This makes the appliance much cheaper to run than, for example, an electric water heater or refrigerator.
In the U.S. it costs approximately $.45 to dry a load of laundry in an electric dryer*. For an exact calculation of how much it costs to run your dryer, use this formula: (dryer's wattage x length of load in hours)/1000 = kilowatt hours (kwh) used.kilowatt hours x cost per kwh = cost per load. cost per load x # of loads per month = cost per month.cost per month x 12 = cost per year.ere are the calculations that I ran for my dryer: (5600 watts x .667 hours)/1000 = 3.73 kwh. 3.73 kwh x .09 = $.34 per load. $.34 per load x 24 loads a month = $8.16 per month. $8.16 x 12 = $97.92 per year. *based on a 5600 watt dryer, 40 minute run-time and a $.12 per kwh rate.