Richmond 10CE40-HP5U30 Running Cost (Electric Water Heater)
Richmond 10CE40-HP5U30: running cost
At 859 kWh/yr, the Richmond 10CE40-HP5U30's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified electric water heater.
The $161 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 22.3% below the electric water heater category average of 1,105 kWh/yr, and ranks 92 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 $46/year under 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 Rheem CXE40T10HS45UO ($161/yr, 859 kWh/yr), and one step pricier is Richmond 10CE40-HP5US30 ($161/yr, 859 kWh/yr).
Same brand, different models
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 11 of 28 for running cost, between the brand's cheapest, the 10CE40-HP5U15 at $121/yr, and its priciest, the 10E80-HP120MS at $264/yr.
Richmond 10CE40-HP5U30 over 11 years
11 years is NAHB's typical service life for this category; at $161/year, the Richmond 10CE40-HP5U30 adds up to about $1,776 in electricity over that span.
Shopping for a new one
The Richmond 10CE40-HP5U30 is already efficient for its category at $161/year. If you're shopping and comparing options, this is roughly what a well-chosen new electric water heater costs to run.
See what else is certified in this category before you decide.
Protecting what you have
A electric water heater like the Richmond 10CE40-HP5U30 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.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 859 kWh/yr is ENERGY STAR's own certified figure for this model. At rank 92 of 596 for running cost, see the electric water heater category page for the rest of the field, or the guide to how much your state matters.