Electric Furnace in Richmond — $1,366/yr to Run (15.2¢/kWh)
Your electric furnace in Richmond costs about $114/month at 15.2¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Richmond, VA Electricity Rate
15.2¢/kWh
Utility: Dominion Energy Virginia
+17% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$9.11
60.0 kWh/day
Monthly Cost
$113.85
750 kWh/mo
Annual Cost
$1,366
9,000 kWh/yr
Lifetime (20yr)
$27,324
energy only
Monthly Cost Breakdown in Richmond
| Period | kWh | Richmond Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 60.0 | $9.11 | $7.80 | +$1.31 |
| Weekly | 420.0 | $63.76 | $54.60 | +$9.16 |
| Monthly | 750.0 | $113.85 | $97.50 | +$16.35 |
| Quarterly | 2250.0 | $341.55 | $292.50 | +$49.05 |
| Annual | 9000.0 | $1366.20 | $1170.00 | +$196.20 |
Customize Your Electric Furnace Cost
Adjust usage hours and electricity rate to calculate your exact cost in Richmond.
Daily
$9.11
Monthly
$113.85
Annual
$1,366
20-Year
$27,324
Energy Saving Tips for Electric Furnace in Richmond
- ✓Richmond electricity rates are 17% above the national average — energy efficiency matters more here.
- ✓A smart Electric Furnace with scheduling optimization can save ~$205/year at Richmond rates.
- ✓Richmond's warm climate (avg 67.9°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 Richmond, VA
See which appliances cost the most to run at Richmond's 15.2¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,967/yr
$163.94/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$997/yr
$83.11/mo
EV Charger (Level 2)
Garage · 7,200W
$984/yr
$81.97/mo
Boiler (Electric)
HVAC · 6,000W
$820/yr
$68.31/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$748/yr
$62.33/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$748/yr
$62.33/mo
Heat Pump
HVAC · 2,400W
$583/yr
$48.58/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$546/yr
$45.54/mo
Electric Furnace Cost in Other Virginia Cities
| City | Rate | Annual Cost | vs Richmond |
|---|---|---|---|
| Richmond (current) | 15.2¢ | $1,366 | — |
| Virginia Beach | 15.2¢ | $1,366 | — |
| Chesapeake | 13.1¢ | $1,181 | $-185 |
| Arlington | 13.7¢ | $1,236 | $-130 |
| Norfolk | 13.6¢ | $1,222 | $-144 |
| Newport News | 14.0¢ | $1,263 | $-103 |
| Alexandria | 12.8¢ | $1,152 | $-214 |
| Hampton | 13.7¢ | $1,237 | $-130 |
| Roanoke | 13.6¢ | $1,228 | $-139 |
Electric Furnace Energy Cost FAQ — Richmond, VA
Understanding Electric Furnace Energy Costs in Richmond, VA
Richmond is a mid-sized Virginia city where residential electricity rates from Dominion Energy Virginia are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Electric Furnace (10,000W) at Richmond's rate of 15.2¢/kWh costs approximately $1,366 per year — $196 more than the national average of $1,170.
Richmond rates are 17% above the national average — a modest premium that adds $196 per year to Electric Furnace operating costs. Over the appliance's 20-year lifespan, that's $3,924 in cumulative extra spending versus the national average.
With a cost of living index of 108, Richmond is near the national median. The Electric Furnace's monthly cost of $113.85 represents a typical share of the average Richmond electric bill of $146/month. While no ENERGY STAR version is available, a smart Electric Furnace with automated scheduling can reduce consumption by 15%, saving $205/year.
Richmond's moderate climate (avg 67.9°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. Richmond residents can reduce this footprint by optimizing usage patterns, or investing in solar — see our solar savings calculator for Richmond.
Compare All Energy Costs in Richmond
See energy costs for 178+ household appliances at Richmond's local electricity rate.
Frequently Asked Questions
How much does it cost to run an Electric Furnace in Richmond, VA?
At Richmond's average electricity rate of 15.2¢/kWh, an Electric Furnace costs approximately $1,366 per year to run. That's about $113.85 per month with typical usage of 6 hours per day.
What is the electricity rate in Richmond, VA?
The average residential electricity rate in Richmond, VA is 15.2¢/kWh, which is 17% above the national average of 13.0¢/kWh. The primary utility provider is Dominion Energy Virginia.
How much electricity does an Electric Furnace use per year?
A Electric Furnace uses approximately 10,000 watts and consumes about 9,000 kWh per year with typical usage of 6 hours/day for 150 days/year.
Is an Electric Furnace expensive to run in Richmond?
Compared to the national average cost of $1,170/year, running an Electric Furnace in Richmond costs $196 more per year due to higher local electricity rates.
How can I reduce my Electric Furnace energy cost in Richmond?
To reduce Electric Furnace costs in Richmond: Consider switching to a heat pump. Insulate your home well. Consider using a smart plug to monitor and optimize usage. Also check with Dominion Energy Virginia for local energy efficiency rebates and programs.