Running cost for the Lochinvar HPSA065KD 2**
At 1,233 kWh/yr, the Lochinvar HPSA065KD 2**'s ENERGY STAR certification puts it more expensive than most models in its category to run against every other certified electric water heater.
The $232 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 11.6% above the electric water heater category average of 1,105 kWh/yr, and ranks 365 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 $24/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 GREE GRS-3.0Pd/TD70GANhA-D ($232/yr, 1,233 kWh/yr), and one step pricier is RELIANCE WATER HEATERS 10-66-DHPTS 2** ($232/yr, 1,233 kWh/yr).
Same brand, different models
Lochinvar makes 26 ENERGY STAR certified electric water heaters; this one ranks 12 of 26 for running cost, between the brand's cheapest, the HPSA050KD 2** at $156/yr, and its priciest, the HPV080KD 2** at $311/yr.
Cost over its typical lifespan
NAHB's Study of Life Expectancy of Home Components puts a typical electric water heater's service life at 11 years; run the Lochinvar HPSA065KD 2** that long and it costs about $2,550 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
Running above the category average, $232/year is exactly the kind of number that makes a newer, more efficient model pay for itself faster.
Worth comparing a few current certified models before deciding.
Protecting what you have
At $232/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 365 of 596, the Lochinvar HPSA065KD 2** 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 1,233 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.