Electric Water Heater (Tank) in Denver — $714/yr to Run (14.5¢/kWh)
Your electric water heater (tank) in Denver costs about $60/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
$1.96
13.5 kWh/day
Monthly Cost
$59.54
411 kWh/mo
Annual Cost
$714
4,928 kWh/yr
Lifetime (12yr)
$8,574
energy only
Monthly Cost Breakdown in Denver
| Period | kWh | Denver Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.96 | $1.76 | +$0.20 |
| Weekly | 94.5 | $13.70 | $12.29 | +$1.42 |
| Monthly | 410.6 | $59.54 | $53.38 | +$6.16 |
| Quarterly | 1231.9 | $178.62 | $160.14 | +$18.48 |
| Annual | 4927.5 | $714.49 | $640.58 | +$73.91 |
Customize Your Electric Water Heater (Tank) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Denver.
Daily
$1.96
Monthly
$59.54
Annual
$714
12-Year
$8,574
Energy Saving Tips for Electric Water Heater (Tank) in Denver
- ✓Denver electricity rates are 12% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Water Heater (Tank) in Denver saves ~$107/year compared to standard models.
- ✓A smart Electric Water Heater (Tank) with scheduling optimization can save ~$107/year at Denver rates.
- ✓Set temperature to 120F
- ✓Insulate tank and hot water pipes
- ✓Drain sediment annually
ENERGY STAR Savings: Upgrading to an ENERGY STAR Electric Water Heater (Tank) in Denver saves approximately $107/year at local rates — $1,286 over the appliance lifetime.
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 Furnace
HVAC · 10,000W
$1,305/yr
$108.75/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
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 Water Heater (Tank) Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Denver |
|---|---|---|---|
| Denver (current) | 14.5¢ | $714 | — |
| Colorado Springs | 13.7¢ | $675 | $-40 |
| Aurora | 15.4¢ | $757 | +$43 |
| Fort Collins | 13.7¢ | $674 | $-40 |
| Lakewood | 13.9¢ | $685 | $-29 |
| Thornton | 15.0¢ | $740 | +$25 |
| Arvada | 14.8¢ | $731 | +$17 |
| Westminster | 15.4¢ | $761 | +$46 |
| Pueblo | 14.8¢ | $731 | +$17 |
Electric Water Heater (Tank) Energy Cost FAQ — Denver, CO
Understanding Electric Water Heater (Tank) 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 Water Heater (Tank) (4,500W) at Denver's rate of 14.5¢/kWh costs approximately $714 per year — $74 more than the national average of $641.
Denver rates are 12% above the national average — a modest premium that adds $74 per year to Electric Water Heater (Tank) operating costs. Over the appliance's 12-year lifespan, that's $887 in cumulative extra spending versus the national average.
With a cost of living index of 104, Denver is near the national median. The Electric Water Heater (Tank)'s monthly cost of $59.54 represents a typical share of the average Denver electric bill of $145/month. Upgrading to an ENERGY STAR Electric Water Heater (Tank) can cut energy use by up to 15%, saving approximately $107 per year at Denver rates.
Denver's moderate climate (avg 68.9°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Water Heater (Tank) produces approximately 3.52 tons of CO2 annually at typical usage. Denver residents can reduce this footprint by choosing an ENERGY STAR certified unit, 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.