Richmond 10E40-HP120MS: $164 a year to run

This model (Water heaters) uses 780 kWh of electricity a year, which costs about $164 a year and $1,639 over 10 years at 21.0¢/kWh.

Energy use
780 kWh
per year
Running cost per year
$164
21.0¢/kWh
Running cost over 10 years
$1,639
Efficiency rank
19 / 705

Product details

TypeHybrid/Electric Heat Pump
Heat pump type120 Volt Integrated HPWH
FuelElectric
RefrigerantR-134a
Available sinceApril 21, 2022

Compared with the average model (Water heaters), this one saves about $63 a year.

More efficient alternatives

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