Richmond 10E80-HP5US30: running cost
The Richmond 10E80-HP5US30 is certified by ENERGY STAR at 1,213 kWh a year, more expensive than most models in its category to run among electric water heaters currently certified.
The $228 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
Where this ranks
That's 9.8% above the electric water heater category average of 1,105 kWh/yr, and ranks 338 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 $20/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 10E80-HP5U30 ($228/yr, 1,213 kWh/yr), and one step pricier is Ruud CPROPH40 T2 CD375-30 ($228/yr, 1,213 kWh/yr).
Same brand, different models
Richmond makes 28 ENERGY STAR certified electric water heaters; this one ranks 26 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.
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-HP5US30 that long and it costs about $2,508 in electricity, on top of whatever it cost to buy.
Is it worth replacing?
The Richmond 10E80-HP5US30 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.
See what else is certified in this category before you decide.
Protecting what you have
Whether or not the Richmond 10E80-HP5US30 ever needs replacing, a repair is the more common failure for a electric water heater, one a protection plan budgets for ahead of time.
The data behind this page
Nothing here is estimated from a nameplate wattage; the 1,213 kWh/yr is ENERGY STAR's own certified figure for this model. Ranked 338 of 596, the Richmond 10E80-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.