Richmond 10CE50-HP5US30 Running Cost (Electric Water Heater)
Running cost for the Richmond 10CE50-HP5US30
The Richmond 10CE50-HP5US30 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.
The $159 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 23.4% below the electric water heater category average of 1,105 kWh/yr, and ranks 53 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 $49/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 Richmond 10CE50-HP5U30 ($159/yr, 846 kWh/yr), and one step pricier is Richmond 10E50-HP530 ($159/yr, 846 kWh/yr).
Comparing Richmond's own models
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 7 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.
Cost over its typical lifespan
11 years is NAHB's typical service life for this category; at $159/year, the Richmond 10CE50-HP5US30 adds up to about $1,750 in electricity over that span.
Is it worth replacing?
The Richmond 10CE50-HP5US30 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
The Richmond 10CE50-HP5US30 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.
The data behind this page
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. At rank 53 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.