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If my math is right, the 50W difference, at my power rate of $0.15/kWh, will take 2666 hours and 40 minutes to make up the $20 difference in price.
In europe that situation will be wildly different. Here in germany you won't get under 0.50$/kWh (edit: more like .30 now) so it's more like 500 to 800 hours
Edit 2: wow, thanks for the hint! I just halved my prices by switching
True, but that's still on the order of time that you may never reach the price difference in the lifespan of the GPU.