Running cost for the GE Profile PF40S10FPY01
The GE Profile PF40S10FPY01 is certified by ENERGY STAR at 724 kWh a year, one of the cheaper models in its category to run among electric water heaters currently certified.
That $136 is priced at 18.8¢/kWh, the average of all 51 state rates this site tracks. Your own state's rate is one click away.
Efficient, or not, for a electric water heater
Against the category average of 1,105 kWh/yr, this model uses 34.5% less, ranking 4 of 596 electric water heaters tracked here for running cost. That average is drawn from all 596 electric water heaters ENERGY STAR currently certifies, not an outside number, a $72/year gap from this model at the national rate. Full sourcing is in the sourcing notes.
Right next to it on the list
A rank or two either side of the GE Profile PF40S10FPY01: Eco-Logical OMNI-50HP1-1A ($128/yr, 681 kWh/yr), then GE Profile PJ40S10FPY01 ($136/yr, 724 kWh/yr).
Comparing GE Profile's own models
Of the 18 ENERGY STAR certified electric water heaters GE Profile makes, the PF40S10FPY01 is the cheapest to run, $138/year less than GE Profile's priciest, the PJ65S10FPY01.
What this adds up to over time
NAHB's Study of Life Expectancy of Home Components puts a typical electric water heater's service life at 11 years; run the GE Profile PF40S10FPY01 that long and it costs about $1,497 in electricity, on top of whatever it cost to buy.
Shopping for a new one
Efficient as certified electric water heaters go, $136/year is a reasonable baseline if you're comparing what else is on the market.
Compare current ENERGY STAR certified electric water heaters before buying.
If you're keeping it
Whether or not the GE Profile PF40S10FPY01 ever needs replacing, a repair is the more common failure for a electric water heater, one a protection plan budgets for ahead of time.
Where this number comes from
Nothing here is estimated from a nameplate wattage; the 724 kWh/yr is ENERGY STAR's own certified figure for this model. The GE Profile PF40S10FPY01 is among the cheapest 596 electric water heaters tracked here to run, see the full Electric Water Heater category page for the rest of the range.