Hubbell ME50HPT: running cost
At 938 kWh/yr, the Hubbell ME50HPT's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified electric water heater.
The $176 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 15.1% below the electric water heater category average of 1,105 kWh/yr, and ranks 249 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 $31/year under 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 State SHPCO-45 1**+SXST-50TG 1** ($174/yr, 923 kWh/yr), and one step pricier is Noritz NHP50 ($176/yr, 938 kWh/yr).
Same brand, different models
Hubbell sells 4 certified electric water heaters; this one runs cheapest of them, $99/year under the ME120HPT, its priciest.
Cost over its typical lifespan
Over the 11-year service life NAHB reports for this category, running the Hubbell ME50HPT costs roughly $1,940 in electricity, separate from the purchase price.
Is it worth replacing?
The Hubbell ME50HPT is already efficient for its category at $176/year. If you're shopping and comparing options, this is roughly what a well-chosen new electric water heater costs to run.
Worth comparing a few current certified models before deciding.
Protecting what you have
At $176/year just to run, a electric water heater is worth protecting against an unplanned repair bill on top of that.
The data behind this page
Ranked 249 of 596, the Hubbell ME50HPT sits in the middle of the electric water heater category, see the guide to why your state changes this number for the other half of the math. The 938 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.