Hubbell ME120HPT Running Cost (Electric Water Heater)
Running cost for the Hubbell ME120HPT
At 1,467 kWh/yr, the Hubbell ME120HPT's ENERGY STAR certification puts it one of the more expensive models in its category to run against every other certified electric water heater.
The $276 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 32.8% above the electric water heater category average of 1,105 kWh/yr, and ranks 574 of 596 certified electric water heaters for annual running cost, 1 being cheapest. Every one of the 596 currently-certified electric water heaters feeds that average, putting this model about $68/year over it. See how it's calculated on the how it is calculated page.
The closest alternatives by cost
Sorted by running cost among electric water heaters, one step cheaper is GE Profile PJ65S10FPY01 ($274/yr, 1,459 kWh/yr), and one step pricier is Noritz NHP120 ($276/yr, 1,467 kWh/yr).
Comparing Hubbell's own models
Among Hubbell's 4 certified electric water heaters, this is the priciest to run, $99/year over the ME50HPT, the brand's cheapest.
Hubbell ME120HPT over 11 years
Over the 11-year service life NAHB reports for this category, running the Hubbell ME120HPT costs roughly $3,034 in electricity, separate from the purchase price.
Is it worth replacing?
At $276/year, this is on the expensive side for a electric water heater; the cheapest certified model in this category runs about $121/year, worth knowing before buying either the Hubbell ME120HPT or its replacement.
Worth comparing a few current certified models before deciding.
Protecting what you have
A electric water heater like the Hubbell ME120HPT is a real household expense whether or not it needs replacing yet; a protection plan is one way to budget for a repair rather than a full replacement.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 1,467 kWh/yr is ENERGY STAR's own certified figure for this model. The full Electric Water Heater category page shows all 596 electric water heaters ranked by cost; the state-rate guide covers the half of this number that isn't the appliance.