WattCost

Data through June 2026

Cost to run · Colorado · 17.1¢/kWh residential average

How much does it cost to run an electric water heater in Colorado?

$207/yr · median certified model

Colorado's residential rate of 17.1¢/kWh tracks the national average (18.3¢) closely, so national cost figures translate almost directly: a median certified electric water heater runs about $207 a year here.

In the national ranking, Colorado lands at 29 of 51 for what an electric water heater costs to run. At local rates, certified models span $117 (Eco-Logical OMNI-50HP1-1A) to $298 (Smart Solar SSG2-ES 120) per year — $182 of annual headroom that depends entirely on which unit you buy. For reference, the national extremes are Nevada (13.1¢/kWh) and Hawaii (52.7¢/kWh); the same median electric water heater would cost $159 and $638 a year there.

Colorado
$207
US average
$222
Nevada
$159
Hawaii
$638
Median certified electric water heater (1,210 kWh/yr) per year, at each rate

The cheapest water heaters (electric) to run at Colorado rates

Price any model at Colorado rates

Your rate, your numbers

Per day
57¢
Per month
$17.27
Per year
$207

1,210 kWh/yr × 17.1¢/kWh = $207/yr

Prefilled with the median certified electric water heater (1,210 kWh/yr). Every model page on this site carries its exact certified figure.

Questions, answered with the data

How much does it cost to run an electric water heater in Colorado?
About $207 a year for the median ENERGY STAR certified electric water heater, at Colorado's average residential rate of 17.1¢/kWh — that's $17.27 a month.
Is electricity expensive in Colorado?
Colorado's residential average of 17.1¢/kWh is 7% below the U.S. average of 18.3¢/kWh, ranking 29 of 51 jurisdictions (1 = cheapest).
What's the cheapest electric water heater to run in Colorado?
Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $117 a year at Colorado rates (681 kWh/yr).
How does Colorado compare with other states?
The same median electric water heater costs $159 a year in Nevada (the cheapest state) and $638 in Hawaii (the priciest). Colorado sits at $207.

Keep digging

Rate source: US EIA, average residential price of electricity, see methodology.