On the surface, that would be 800w vs. 500w (the real numbers vary a bit depending on ballast type), a 300w difference. I'm going to guess in Sacramento you probably pay about 25Ã"šÃ‚¢ per kWh of electricity? So, that extra 300 watts would cost you 7.5Ã"šÃ‚¢ additional per hour they're on. I'll guess 10hrs/day, so that's 75Ã"šÃ‚¢ per day, or $22.50 a month additional. If you're planning to run supplemental lighting and have a shorter MH period, it'll cost less.
Of course, your baseline 500w of lighting running 10 hours per day is going to cost you $37.50 every month.
The important thing to remember is this....unless you're trying to keep acropora or clams on the bottom, you probably don't NEED the strongest lighting available. Plenty of corals will do well with less, and the more demanding ones will do fine if placed in high light areas.
I don't think there's any way 2 bulbs is going to cover 7 feet without dim spots unless they're suspended WAY above the tank. But again, you trade off intensity when you try to spread over a larger area, so its kind of self-defeating.