Richmond 10CE65-HP5US30 Running Cost (Electric Water Heater)
Running cost for the Richmond 10CE65-HP5US30
ENERGY STAR certifies the Richmond 10CE65-HP5US30 at 1,184 kWh/yr, about average for its category to run for its category.
The $223 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 7.1% above the electric water heater category average of 1,105 kWh/yr, and ranks 307 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 $15/year over 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 10CE65-HP5U30 ($223/yr, 1,184 kWh/yr), and one step pricier is Ruud PROUH65 T2 CD400-30 ($223/yr, 1,184 kWh/yr).
Within the Richmond lineup
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 21 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.
What this adds up to over time
NAHB's Study of Life Expectancy of Home Components puts a typical electric water heater's service life at 11 years; run the Richmond 10CE65-HP5US30 that long and it costs about $2,449 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
The Richmond 10CE65-HP5US30 is already efficient for its category at $223/year. If you're shopping and comparing options, this is roughly what a well-chosen new electric water heater costs to run.
See what else is certified in this category before you decide.
Protecting what you have
At $223/year just to run, a electric water heater is worth protecting against an unplanned repair bill on top of that.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 1,184 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 307 of 596, the Richmond 10CE65-HP5US30 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.