I run the following rigs 24/7:
P4 - 420W
2 x AMD 3000 - 300W
1 x AMD 3000 - 600W
1 x AMD 2600 - 300W
Now, I know this is totally unscientific, but I figure it costs about $50/mo to let these rigs run 24x7 folding at 100% CPU utilization- and, yeah, my room is more than toasty.
There are lot's of factors on how much it will cost:
Usage
PSU efficiency (as lilkev715 explained above)
Cost per KWH
Here where I live, power is fairly inexpensive at 6.7cents/KWH. The more efficient your PSU, the less it costs (obviously) and the less heat it generates. Using lilkev715's 70% as a normal eficiency rating means 30% of the power consumed is being converted into heat.
For those interested in measuring power consumption, I have found only 3 different consumer-level devices after a fairly exhaustive search I did a while back, and here is where I have seen the cheapest prices(you may be able to find better prices):
Kill A WattSeasonic PowerAngel Power MonitorWatts Up? Power AnalyzerOf course yoy can spend hundreds or even thousands on prfessional grade analyzers.
Here is a link on
How to Measure You Computer's Power Consumption