Electric Furnace in Denver — $1,305/yr to Run (14.5¢/kWh)
Your electric furnace in Denver costs about $109/month at 14.5¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Denver, CO Electricity Rate
14.5¢/kWh
Utility: Xcel Energy
+12% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$8.70
60.0 kWh/day
Monthly Cost
$108.75
750 kWh/mo
Annual Cost
$1,305
9,000 kWh/yr
Lifetime (20yr)
$26,100
energy only
Monthly Cost Breakdown in Denver
| Period | kWh | Denver Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 60.0 | $8.70 | $7.80 | +$0.90 |
| Weekly | 420.0 | $60.90 | $54.60 | +$6.30 |
| Monthly | 750.0 | $108.75 | $97.50 | +$11.25 |
| Quarterly | 2250.0 | $326.25 | $292.50 | +$33.75 |
| Annual | 9000.0 | $1305.00 | $1170.00 | +$135.00 |
Customize Your Electric Furnace Cost
Adjust usage hours and electricity rate to calculate your exact cost in Denver.
Daily
$8.70
Monthly
$108.75
Annual
$1,305
20-Year
$26,100
Energy Saving Tips for Electric Furnace in Denver
- ✓Denver electricity rates are 12% above the national average — energy efficiency matters more here.
- ✓A smart Electric Furnace with scheduling optimization can save ~$196/year at Denver rates.
- ✓Denver's warm climate (avg 68.9°F) means higher cooling costs — consider ceiling fans to supplement.
- ✓Consider switching to a heat pump
- ✓Insulate your home well
- ✓Use a smart thermostat
Highest-Cost Appliances in Denver, CO
See which appliances cost the most to run at Denver's 14.5¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,879/yr
$156.60/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$953/yr
$79.39/mo
EV Charger (Level 2)
Garage · 7,200W
$940/yr
$78.30/mo
Boiler (Electric)
HVAC · 6,000W
$783/yr
$65.25/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$714/yr
$59.54/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$714/yr
$59.54/mo
Heat Pump
HVAC · 2,400W
$557/yr
$46.40/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$522/yr
$43.50/mo
Electric Furnace Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Denver |
|---|---|---|---|
| Denver (current) | 14.5¢ | $1,305 | — |
| Colorado Springs | 13.7¢ | $1,232 | $-73 |
| Aurora | 15.4¢ | $1,383 | +$78 |
| Fort Collins | 13.7¢ | $1,231 | $-74 |
| Lakewood | 13.9¢ | $1,252 | $-53 |
| Thornton | 15.0¢ | $1,351 | +$46 |
| Arvada | 14.8¢ | $1,336 | +$31 |
| Westminster | 15.4¢ | $1,390 | +$85 |
| Pueblo | 14.8¢ | $1,336 | +$31 |
Electric Furnace Energy Cost FAQ — Denver, CO
Understanding Electric Furnace Energy Costs in Denver, CO
In a major metro like Denver, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.7 million residents. Running a high-draw appliance like the Electric Furnace (10,000W) at Denver's rate of 14.5¢/kWh costs approximately $1,305 per year — $135 more than the national average of $1,170.
Denver rates are 12% above the national average — a modest premium that adds $135 per year to Electric Furnace operating costs. Over the appliance's 20-year lifespan, that's $2,700 in cumulative extra spending versus the national average.
With a cost of living index of 104, Denver is near the national median. The Electric Furnace's monthly cost of $108.75 represents a typical share of the average Denver electric bill of $145/month. While no ENERGY STAR version is available, a smart Electric Furnace with automated scheduling can reduce consumption by 15%, saving $196/year.
Denver's moderate climate (avg 68.9°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Furnace produces approximately 6.43 tons of CO2 annually at typical usage. Denver residents can reduce this footprint by optimizing usage patterns, or investing in solar — see our solar savings calculator for Denver.
Compare All Energy Costs in Denver
See energy costs for 168+ household appliances at Denver's local electricity rate.