Lochinvar HPV050KD 2 Running Cost (Electric Water Heater)
Lochinvar HPV050KD 2: running cost
At 1,550 kWh/yr, the Lochinvar HPV050KD 2'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 $291 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Lochinvar HPV050KD 2 against the category
That's 40.3% above the electric water heater category average of 1,105 kWh/yr, and ranks 584 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 $84/year above that average at the national rate. See the methodology page.
What sits beside it in the ranking
Lochinvar HPV065KD 2 ($291/yr, 1,550 kWh/yr) costs a little more to run than the Lochinvar HPV050KD 2. American HPV10266H009DV 2 ($291/yr, 1,550 kWh/yr) costs a little less.
Same brand, different models
Lochinvar makes 26 ENERGY STAR certified electric water heaters; this one ranks 24 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.
What this adds up to over time
Over the 11-year service life NAHB reports for this category, running the Lochinvar HPV050KD 2 costs roughly $3,205 in electricity, separate from the purchase price.
Is it worth replacing?
At $291/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 Lochinvar HPV050KD 2 or its replacement.
Compare current ENERGY STAR certified electric water heaters before buying.
Protecting what you have
Whether or not the Lochinvar HPV050KD 2 ever needs replacing, a repair is the more common failure for a electric water heater, one a protection plan budgets for ahead of time.
Sourcing
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. The 1,550 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.