Richmond 10CE65-HP5U30 Running Cost (Electric Water Heater)
Running cost for the Richmond 10CE65-HP5U30
At 1,184 kWh/yr, the Richmond 10CE65-HP5U30's ENERGY STAR certification puts it about average for its category to run against every other certified electric water heater.
That $223 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 10CE65-HP5U30 compares to other electric water heaters
The category average is 1,105 kWh/yr; this model runs 7.1% above it, ranking 306 of 596 electric water heaters tracked here for running cost. 596 certified electric water heaters, one average, about $15/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the Richmond 10CE65-HP5U30 on that list: Rheem CPROPH65 T2 RH375-SO ($223/yr, 1,184 kWh/yr) runs slightly less, while Richmond 10CE65-HP5US30 ($223/yr, 1,184 kWh/yr) runs slightly more.
Same brand, different models
Ranked 20 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 $223/year, the Richmond 10CE65-HP5U30 adds up to about $2,449 in electricity over that span.
Shopping for a new one
Efficient as certified electric water heaters go, $223/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
$223/year to run is the predictable cost of the Richmond 10CE65-HP5U30; a protection plan covers the unpredictable one, a repair bill.
How this was checked
Ranked 306 of 596, the Richmond 10CE65-HP5U30 sits in the middle of the electric water heater category, see the guide to why your state changes this number for the other half of the math. The 1,184 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.