Richmond 10CE40-HP5U15 Running Cost (Electric Water Heater)
What the Richmond 10CE40-HP5U15 costs to run
At 643 kWh/yr, the Richmond 10CE40-HP5U15's ENERGY STAR certification puts it one of the cheaper models in its category to run against every other certified electric water heater.
That $121 is priced at 18.8¢/kWh, the average of all 51 state rates this site tracks. Your own state's rate is one click away.
Efficient, or not, for a electric water heater
Against the category average of 1,105 kWh/yr, this model uses 41.8% less, ranking 1 of 596 electric water heaters tracked here for running cost. That average is drawn from all 596 electric water heaters ENERGY STAR currently certifies, not an outside number, a $87/year gap from this model at the national rate. Full sourcing is in the sourcing notes.
Right next to it on the list
A rank or two either side of the Richmond 10CE40-HP5U15: Ruud PROUH40 T2 CD400-15 ($121/yr, 643 kWh/yr).
Same brand, different models
Of the 28 ENERGY STAR certified electric water heaters Richmond makes, the 10CE40-HP5U15 is the cheapest to run, $143/year less than Richmond's priciest, the 10E80-HP120MS.
Richmond 10CE40-HP5U15 over 11 years
Over the 11-year service life NAHB reports for this category, running the Richmond 10CE40-HP5U15 costs roughly $1,330 in electricity, separate from the purchase price.
Is it worth replacing?
Efficient as certified electric water heaters go, $121/year is a reasonable baseline if you're comparing what else is on the market.
Compare current ENERGY STAR certified electric water heaters before buying.
If you're keeping it
A electric water heater like the Richmond 10CE40-HP5U15 is a real household expense whether or not it needs replacing yet; a protection plan is one way to budget for a repair rather than a full replacement.
Where this number comes from
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. The Richmond 10CE40-HP5U15 is among the cheapest 596 electric water heaters tracked here to run, see the full Electric Water Heater category page for the rest of the range. How much of that ranking is rate rather than appliance is in the guide to why your state changes this number.