Richmond 10E80-HP120MS: $295 a year to run

This model (Water heaters) uses 1,403 kWh of electricity a year, which costs about $295 a year and $2,949 over 10 years at 21.0¢/kWh.

Energy use
1,403 kWh
per year
Running cost per year
$295
21.0¢/kWh
Running cost over 10 years
$2,949
Efficiency rank
663 / 705

Product details

TypeHybrid/Electric Heat Pump
Heat pump type120 Volt Integrated HPWH
FuelElectric
RefrigerantR-134a
Available sinceMarch 1, 2024

Compared with the average model (Water heaters), this one costs about $68 more a year.

More efficient alternatives

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