Richmond 10CE40-HP5U15: $135 a year to run

This model (Water heaters) uses 643 kWh of electricity a year, which costs about $135 a year and $1,351 over 10 years at 21.0¢/kWh.

Energy use
643 kWh
per year
Running cost per year
$135
21.0¢/kWh
Running cost over 10 years
$1,351
Efficiency rank
1 / 705

Product details

TypeHybrid/Electric Heat Pump
Heat pump type240 Volt Integrated HPWH
FuelElectric
RefrigerantR-134a
Available sinceApril 30, 2020

Compared with the average model (Water heaters), this one saves about $92 a year.

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