Running cost for the LG APHWC501D
The LG APHWC501D is certified by ENERGY STAR at 1,262 kWh a year, more expensive than most models in its category to run among electric water heaters currently certified.
That $237 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
The category average is 1,105 kWh/yr; this model runs 14.2% above it, ranking 418 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 $30/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 LG APHWC501D: Navien NWP500S065AUMB ($234/yr, 1,245 kWh/yr), then LG APHWC501L ($237/yr, 1,262 kWh/yr).
Same brand, different models
Ranked 9 of LG's 14 certified electric water heaters, this sits between the R5TT20F-SA0 (208V) ($163/yr, the brand's cheapest) and the APHWC801M ($239/yr, its priciest).
What this adds up to over time
Over the 11-year service life NAHB reports for this category, running the LG APHWC501D costs roughly $2,610 in electricity, separate from the purchase price.
Is it worth replacing?
At $237/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 LG APHWC501D or its replacement.
Compare current ENERGY STAR certified electric water heaters before buying.
If you're keeping it
A electric water heater like the LG APHWC501D 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.
Where this number comes from
Nothing here is estimated from a nameplate wattage; the 1,262 kWh/yr is ENERGY STAR's own certified figure for this model. At rank 418 of 596 for running cost, see the electric water heater category page for the rest of the field, or the guide to how much your state matters.