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How Much Does It Cost to Run Electric Water Heater?

An electric water heater is one of the largest energy users in most homes — a 4,000-watt element reheating the tank several hours a day. At the US-average rate of 16.5¢/kWh, running an electric water heater costs about $60.15/month ($721.82/year) at typical use. Adjust the watts, hours, and your rate below for your exact number.

Cost to run an electric water heater

$722/yr

Per day
$1.98
Per month
$60.15
Energy per year
4,380 kWh

Cost = power (kW) × hours × days × your rate. Defaults are typical values — enter your appliance's actual watts (often on a label) and your real rate for a precise figure.

Cost to run an electric water heater by electricity rate

Same 4,000 W appliance, 3 h/day — the bill changes with where you live.

ScenarioRatePer monthPer year
Cheapest states (North Dakota)11.5¢$42.01$504.14
US average16.5¢$60.15$721.82
Most expensive (Hawaii)42.9¢$156.44$1,877.27

Find your state's rate on the electricity rates by state page, or see the appliance wattage chart for more devices.

Frequently asked questions

At the US-average residential rate of 16.5¢/kWh, an electric water heater drawing 4,000 watts for about 3 hours a day costs roughly $1.98 per day, $60.15 per month, and $721.82 per year. Your actual cost depends on your electricity rate and how much you use it — adjust both in the calculator above.

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