Running cost for the Midea CAN3-RSJ-15/250RDVN3-L3
ENERGY STAR certifies the Midea CAN3-RSJ-15/250RDVN3-L3 at 1,240 kWh/yr, more expensive than most models in its category to run for its category.
The $233 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 12.2% above the electric water heater category average of 1,105 kWh/yr, and ranks 397 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 $25/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 Kepler AZMCHW-80VN3A ($233/yr, 1,240 kWh/yr), and one step pricier is Midea CAN3-RSJ-15/300RDVN3-L3 ($233/yr, 1,240 kWh/yr).
Same brand, different models
Midea makes 27 ENERGY STAR certified electric water heaters; this one ranks 18 of 27 for running cost, between the brand's cheapest, the CAN3-RSJ-15/190RDVN3-L3 at $161/yr, and its priciest, the US3-RSJ-15/300RDVN3-L3 at $233/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 Midea CAN3-RSJ-15/250RDVN3-L3 that long and it costs about $2,564 in electricity, on top of whatever it cost to buy.
Weighing a replacement
Running above the category average, $233/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
$233/year to run is the predictable cost of the Midea CAN3-RSJ-15/250RDVN3-L3; a protection plan covers the unpredictable one, a repair bill.
The data behind this page
Ranked 397 of 596, the Midea CAN3-RSJ-15/250RDVN3-L3 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 1,240 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.