LG APHWC501M Running Cost (Electric Water Heater)
Running cost for the LG APHWC501M
ENERGY STAR certifies the LG APHWC501M at 1,262 kWh/yr, more expensive than most models in its category to run for its category.
The $237 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
LG APHWC501M against the category
That's 14.2% above the electric water heater category average of 1,105 kWh/yr, and ranks 420 of 596 certified electric water heaters for annual running cost, 1 being cheapest. The category average comes from every electric water heater ENERGY STAR currently certifies (596 models), not an outside benchmark, about $30/year above that average at the national rate. See the methodology page.
What sits beside it in the ranking
Navien NWP500S080AUMB ($238/yr, 1,265 kWh/yr) costs a little more to run than the LG APHWC501M. LG APHWC501L ($237/yr, 1,262 kWh/yr) costs a little less.
Comparing LG's own models
LG makes 14 ENERGY STAR certified electric water heaters; this one ranks 11 of 14 for running cost, between the brand's cheapest, the R5TT20F-SA0 (208V) at $163/yr, and its priciest, the APHWC801M at $239/yr.
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 LG APHWC501M that long and it costs about $2,610 in electricity, on top of whatever it cost to buy.
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 APHWC501M or its replacement.
See what else is certified in this category before you decide.
Protecting what you have
A electric water heater like the LG APHWC501M 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.
Sourcing
At rank 420 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. The 1,262 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.