Hubbell ME65HPT: $205 a year to run

This model (Water heaters) uses 974 kWh of electricity a year, which costs about $205 a year and $2,047 over 10 years at 21.0¢/kWh.

Energy use
974 kWh
per year
Running cost per year
$205
21.0¢/kWh
Running cost over 10 years
$2,047
Efficiency rank
345 / 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 $22 a year.

More efficient alternatives

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