WattCost

Data through June 2026

Water Heaters (Electric) · 14 certified models

Richmond

Richmond: 14 ENERGY STAR certified models in this data, running $143 to $257 a year at the U.S. average electricity rate — a median of $187, versus $222 across every certified water heaters (electric).

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Questions, answered with the data

How much does it cost to run Richmond water heaters (electric)?
Among 14 certified models in this data, Richmond water heaters (electric) cost $143 to $257 a year to run at the U.S. average electricity rate (18.3¢/kWh) — a median of $187.
Do Richmond water heaters (electric) cost more or less than the average electric water heater?
The median model here runs $187 a year, 16% less than the $222 median across all certified water heaters (electric).
What's the cheapest model among Richmond water heaters (electric)?
The Richmond 10E40-HP120M costs about $143 a year at the U.S. average rate (780 kWh/yr) — the lowest certified figure in this group.
What does the certified annual-kWh figure assume for water heaters (electric)?
The certified annual kWh comes from the DOE Uniform Energy Factor test, which simulates a typical household's daily hot-water draw pattern. Only electric models (including heat-pump units) are listed — gas models burn gas, not kWh.

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