Richmond 10E50-HP120 Running Cost (Electric Water Heater)
What the Richmond 10E50-HP120 costs to run
ENERGY STAR certifies the Richmond 10E50-HP120 at 1,082 kWh/yr, about average for its category to run for its category.
The $203 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 2.1% below the electric water heater category average of 1,105 kWh/yr, and ranks 291 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 $4/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 Rheem XE50T10HD00U0 ($203/yr, 1,082 kWh/yr), and one step pricier is Ruud PROUH50 T0 RU120 ($203/yr, 1,082 kWh/yr).
Within the Richmond lineup
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 19 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
11 years is NAHB's typical service life for this category; at $203/year, the Richmond 10E50-HP120 adds up to about $2,238 in electricity over that span.
Weighing a replacement
The Richmond 10E50-HP120 is already efficient for its category at $203/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
A electric water heater like the Richmond 10E50-HP120 is a real household expense whether or not it needs replacing yet; a protection plan is one way to budget for a repair rather than a full replacement.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 1,082 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.