Richmond 10CE40-HP5US30 Running Cost (Electric Water Heater)
Running cost for the Richmond 10CE40-HP5US30
At 859 kWh/yr, the Richmond 10CE40-HP5US30's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified electric water heater.
That $161 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 22.3% less, ranking 93 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 $46/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-HP5US30: Richmond 10CE40-HP5U30 ($161/yr, 859 kWh/yr), then Ruud PROUH40 T2 CD400-30 ($161/yr, 859 kWh/yr).
Within the Richmond lineup
Ranked 12 of Richmond's 28 certified electric water heaters, this sits between the 10CE40-HP5U15 ($121/yr, the brand's cheapest) and the 10E80-HP120MS ($264/yr, its priciest).
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 Richmond 10CE40-HP5US30 that long and it costs about $1,776 in electricity, on top of whatever it cost to buy.
Weighing a replacement
Efficient as certified electric water heaters go, $161/year is a reasonable baseline if you're comparing what else is on the market.
See what else is certified in this category before you decide.
If you're keeping it
The Richmond 10CE40-HP5US30 already costs $161/year to run; a repair bill on top of that is the kind of expense a protection plan exists to smooth out.
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. At rank 93 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.