Richmond 10CE50-HP5S30 Running Cost (Electric Water Heater)
Richmond 10CE50-HP5S30: running cost
The Richmond 10CE50-HP5S30 is certified by ENERGY STAR at 837 kWh a year, cheaper than most models in its category to run among electric water heaters currently certified.
That $157 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 24.3% less, ranking 31 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 $50/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 10CE50-HP5S30: PHNIX KA06-50 ($157/yr, 837 kWh/yr), then Navien NWP500S050AUMB ($158/yr, 840 kWh/yr).
Comparing Richmond's own models
Ranked 4 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
11 years is NAHB's typical service life for this category; at $157/year, the Richmond 10CE50-HP5S30 adds up to about $1,731 in electricity over that span.
Shopping for a new one
Efficient as certified electric water heaters go, $157/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
At $157/year just to run, a electric water heater is worth protecting against an unplanned repair bill on top of that.
Where this number comes from
Nothing here is estimated from a nameplate wattage; the 837 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.