Richmond 10E50-HP5U30 Running Cost (Electric Water Heater)
Richmond 10E50-HP5U30: running cost
The Richmond 10E50-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.
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 55 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 10E50-HP530 ($159/yr, 846 kWh/yr), and one step pricier is Richmond 10E50-HP5US30 ($159/yr, 846 kWh/yr).
Same brand, different models
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 9 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 10E50-HP5U30 that long and it costs about $1,750 in electricity, on top of whatever it cost to buy.
Weighing a replacement
The Richmond 10E50-HP5U30 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.
See what else is certified in this category before you decide.
Protecting what you have
The Richmond 10E50-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.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 846 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.