Hubbell ME50HPT: $197 a year to run

This model (Water heaters) uses 938 kWh of electricity a year, which costs about $197 a year and $1,971 over 10 years at 21.0¢/kWh.

Energy use
938 kWh
per year
Running cost per year
$197
21.0¢/kWh
Running cost over 10 years
$1,971
Efficiency rank
324 / 705

Product details

TypeHybrid/Electric Heat Pump
Heat pump type240 Volt Integrated HPWH
FuelElectric
RefrigerantR-134a
Available sinceSeptember 1, 2023

Compared with the average model (Water heaters), this one saves about $30 a year.

More efficient alternatives

Source: ENERGY STAR (U.S. EPA) · 21.0¢/kWh (August 2026) · Methodology