I have a 12 year old musical fidelity integrated amp which I leave on all the time. It draws 36 watts on standby. My understanding is that the capacitors, which Are most likely to fail, are stressed the most from being turned off and on as opposed to simply being left on. I can’t say I’ve noticed any difference soundwise from when I first turn it on or when I leave it on, but that’s the story at my end.