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My biggest concern is what it will do to my electric bill. The lights are designed around a 220 volt power source. So I am assuming that the amp draw is going to go up being fed from a 110 volt feed.
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You can tell exactly what the light is costing you with a
kill a watt meter, they come in all diffract models, as well as with different features, and price ranges. But they will all tell you how much a particular appliance is costing to run, and I have seen them at Lowe's and Home Depot for under $20 (possibly even less on eBay).