Electric Water Heater (Tank) Energy Cost Calculator
Traditional tank-style water heater storing 40-50 gallons of continuously heated water.
Power Draw
4,500W
watts
Annual kWh
4,927
avg usage
Annual Cost
$641
avg national
CO₂/Year
3.52 tons
carbon impact
Electric Water Heater (Tank) Cost Calculator
Customize usage and your state's electricity rate for accurate cost estimates.
Daily Cost
$1.76
Monthly Cost
$53.38
Annual Cost
$641
Lifetime Cost
$7,687
Energy Saving Opportunities
ENERGY STARAvailable
Save up to 15% vs standard models
~$96/year savings
Smart VersionAvailable
Smart scheduling saves 15% more energy
~$96/year savings
Energy Saving Tips
- ✓Set temperature to 120F
- ✓Insulate tank and hot water pipes
- ✓Drain sediment annually
Compare Alternatives
| Appliance | Watts | Annual kWh | Annual Cost |
|---|---|---|---|
| Electric Water Heater (Tank) (current) | 4,500W | 4,927 | $641 |
| Tankless Water Heater (Electric) | 18,000W | 3,285 | $427 |
| Heat Pump Water Heater | 500W | 1,095 | $142 |
Electric Water Heater (Tank) Cost Summary
Purchase Price (one-time)$1,200
Annual Energy Cost (at 13¢/kWh)$641
Lifespan 12 years
Lifetime Energy Cost (energy only)$7,687
Total Cost of Ownership (purchase + energy)$8,887
Electric Water Heater (Tank) Energy FAQ
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