Lochinvar HPV065KD 2**: running cost
ENERGY STAR certifies the Lochinvar HPV065KD 2** at 1,550 kWh/yr, one of the more expensive models in its category to run for its category.
The $291 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Lochinvar HPV065KD 2** against the category
That's 40.3% above the electric water heater category average of 1,105 kWh/yr, and ranks 585 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
RELIANCE WATER HEATERS 10-50-DHPTV 2** ($291/yr, 1,550 kWh/yr) costs a little more to run than the Lochinvar HPV065KD 2**. Lochinvar HPV050KD 2** ($291/yr, 1,550 kWh/yr) costs a little less.
Within the Lochinvar lineup
Lochinvar makes 26 ENERGY STAR certified electric water heaters; this one ranks 25 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
NAHB's Study of Life Expectancy of Home Components puts a typical electric water heater's service life at 11 years; run the Lochinvar HPV065KD 2** that long and it costs about $3,205 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
Running above the category average, $291/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
$291/year to run is the predictable cost of the Lochinvar HPV065KD 2**; a protection plan covers the unpredictable one, a repair bill.
Sourcing
Nothing here is estimated from a nameplate wattage; the 1,550 kWh/yr is ENERGY STAR's own certified figure for this model. 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.