Richmond 10CE50-HP5U30 Running Cost (Electric Water Heater)
Running cost for the Richmond 10CE50-HP5U30
The Richmond 10CE50-HP5U30 is certified by ENERGY STAR at 846 kWh a year, cheaper than most models in its category to run among electric water heaters currently certified.
That $159 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.
How the Richmond 10CE50-HP5U30 compares to other electric water heaters
Against the category average of 1,105 kWh/yr, this model uses 23.4% less, ranking 52 of 596 electric water heaters tracked here for running cost. 596 certified electric water heaters, one average, about $49/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the Richmond 10CE50-HP5U30 on that list: Richmond 10CE50-HP5U15 ($159/yr, 846 kWh/yr) runs slightly less, while Richmond 10CE50-HP5US30 ($159/yr, 846 kWh/yr) runs slightly more.
Within the Richmond lineup
Ranked 6 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).
Cost over its typical lifespan
11 years is NAHB's typical service life for this category; at $159/year, the Richmond 10CE50-HP5U30 adds up to about $1,750 in electricity over that span.
Weighing a replacement
Efficient as certified electric water heaters go, $159/year is a reasonable baseline if you're comparing what else is on the market.
Worth comparing a few current certified models before deciding.
If you're keeping it
The Richmond 10CE50-HP5U30 already costs $159/year to run; a repair bill on top of that is the kind of expense a protection plan exists to smooth out.
How this was checked
Nothing here is estimated from a nameplate wattage; the 846 kWh/yr is ENERGY STAR's own certified figure for this model. At rank 52 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.