Electricity is priced per kilowatt-hour (kwh), which is 1,000 watts used for one hour, or 100 watts for 10 hours, or 1 watt for 1,000 hours. To get kwh for a particular use, multiply the wattage by the number of hours of operation, then divide by 1,000.
A 400-watt bulb would use 1 kWh each 2.5 hours it's on. For 16 hours that would be 6.4 kwh.
Find out how much your electric provider charges per kilowatt-hour and multiply that by the total number of kwh used. If you're in the northwest United States, there's a good chance your cost averages under 10 cents per kwh. So you're probably looking at less than $1 a day for one 400-watt bulb.