Dan - your electric bill is based on power [watts] not current [amps] - a motor has the same power rating on either voltage [like 2hp] so no cost savings on yer electric bill, but the advantage is the motor will start easier on 240 than 120 and have an easier life so last longer trouble free ... so it's both fact and fiction
aside ... odd that so many use 110, 115, and 220, 230, even electricians, when it's actually 120 and 240 as supplied by the power companies
Bill
