Richmond 10CE50-HP5U15 Running Cost (Electric Water Heater)
Running cost for the Richmond 10CE50-HP5U15
At 846 kWh/yr, the Richmond 10CE50-HP5U15's ENERGY STAR certification puts it cheaper than most models in its category to run against every other certified electric water heater.
The $159 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Richmond 10CE50-HP5U15 against the category
That's 23.4% below the electric water heater category average of 1,105 kWh/yr, and ranks 51 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 $49/year below that average at the national rate. See the methodology page.
What sits beside it in the ranking
Richmond 10CE50-HP5U30 ($159/yr, 846 kWh/yr) costs a little more to run than the Richmond 10CE50-HP5U15. Rheem XE50T10HS45U1 ($159/yr, 846 kWh/yr) costs a little less.
Comparing Richmond's own models
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 5 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 10CE50-HP5U15 over 11 years
Over the 11-year service life NAHB reports for this category, running the Richmond 10CE50-HP5U15 costs roughly $1,750 in electricity, separate from the purchase price.
Is it worth replacing?
The Richmond 10CE50-HP5U15 is already efficient for its category at $159/year. If you're shopping and comparing options, this is roughly what a well-chosen new electric water heater costs to run.
Compare current ENERGY STAR certified electric water heaters before buying.
Protecting what you have
At $159/year just to run, a electric water heater is worth protecting against an unplanned repair bill on top of that.
Sourcing
Nothing here is estimated from a nameplate wattage; the 846 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.