There are two grow tents in my grow area. I have a 400w MH in my veg tent, 18/6. There is a 600w HPS in my flower tent, 12/12. Originally I ran everything in a single tent, vegging for a number of weeks and then I would swap the bulbs and shift timing. Decided to set my area up to have perpetual growing, hence two tents.
Both lighting systems cost me $600 combined and they came with cheap reflectors. Replaced those with ones that would allow for cooling air to move through and that was another $200. I replace the bulbs every 6 months with fresh ones as they lose their lumen output over their life cycle. Lamps cost about $100 to replace so an annual cost of $200.