What the Noritz NHP120 costs to run
ENERGY STAR certifies the Noritz NHP120 at 1,467 kWh/yr, one of the more expensive models in its category to run for its category.
The $276 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Noritz NHP120 against the category
That's 32.8% above the electric water heater category average of 1,105 kWh/yr, and ranks 575 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 $68/year above that average at the national rate. See the methodology page.
What sits beside it in the ranking
VAUGHN THERMAL ME120HPT ($276/yr, 1,467 kWh/yr) costs a little more to run than the Noritz NHP120. Hubbell ME120HPT ($276/yr, 1,467 kWh/yr) costs a little less.
Within the Noritz lineup
Among Noritz's 4 certified electric water heaters, this is the priciest to run, $99/year over the NHP50, the brand's cheapest.
Noritz NHP120 over 11 years
11 years is NAHB's typical service life for this category; at $276/year, the Noritz NHP120 adds up to about $3,034 in electricity over that span.
Is it worth replacing?
At $276/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 Noritz NHP120 or its replacement.
Worth comparing a few current certified models before deciding.
Protecting what you have
Whether or not the Noritz NHP120 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
Nothing here is estimated from a nameplate wattage; the 1,467 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.