Richmond 10E80-HP5U30 Running Cost (Electric Water Heater)
Running cost for the Richmond 10E80-HP5U30
At 1,213 kWh/yr, the Richmond 10E80-HP5U30's ENERGY STAR certification puts it more expensive than most models in its category to run against every other certified electric water heater.
That $228 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 10E80-HP5U30 compares to other electric water heaters
The category average is 1,105 kWh/yr; this model runs 9.8% above it, ranking 337 of 596 electric water heaters tracked here for running cost. 596 certified electric water heaters, one average, about $20/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the Richmond 10E80-HP5U30 on that list: Richmond 10CE80-HP5US30 ($228/yr, 1,213 kWh/yr) runs slightly less, while Richmond 10E80-HP5US30 ($228/yr, 1,213 kWh/yr) runs slightly more.
Comparing Richmond's own models
Ranked 25 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).
Cost over its typical lifespan
NAHB's Study of Life Expectancy of Home Components puts a typical electric water heater's service life at 11 years; run the Richmond 10E80-HP5U30 that long and it costs about $2,508 in electricity, on top of whatever it cost to buy.
Weighing a replacement
The Richmond 10E80-HP5U30 runs above its category average. If the electric water heater you actually own is older still, likely well past ENERGY STAR's efficiency baseline when it was made, a current certified model could cost meaningfully less than this model's $228/year every year.
Worth comparing a few current certified models before deciding.
If you're keeping it
Whether or not the Richmond 10E80-HP5U30 ever needs replacing, a repair is the more common failure for a electric water heater, one a protection plan budgets for ahead of time.
How this was checked
Nothing here is estimated from a nameplate wattage; the 1,213 kWh/yr is ENERGY STAR's own certified figure for this model. At rank 337 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.