Electric Water Heater (Tank) in Madison — $735/yr to Run (14.9¢/kWh)
Your electric water heater (tank) in Madison costs about $61/month at 14.9¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Madison, WI Electricity Rate
14.9¢/kWh
Utility: Madison Gas & Electric (MGE)
+15% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.01
13.5 kWh/day
Monthly Cost
$61.27
411 kWh/mo
Annual Cost
$735
4,928 kWh/yr
Lifetime (12yr)
$8,822
energy only
Monthly Cost Breakdown in Madison
| Period | kWh | Madison Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $2.01 | $1.76 | +$0.26 |
| Weekly | 94.5 | $14.10 | $12.29 | +$1.81 |
| Monthly | 410.6 | $61.27 | $53.38 | +$7.88 |
| Quarterly | 1231.9 | $183.80 | $160.14 | +$23.65 |
| Annual | 4927.5 | $735.18 | $640.58 | +$94.61 |
Customize Your Electric Water Heater (Tank) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Madison.
Daily
$2.01
Monthly
$61.27
Annual
$735
12-Year
$8,822
Energy Saving Tips for Electric Water Heater (Tank) in Madison
- ✓Madison electricity rates are 15% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Water Heater (Tank) in Madison saves ~$110/year compared to standard models.
- ✓A smart Electric Water Heater (Tank) with scheduling optimization can save ~$110/year at Madison 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 Madison saves approximately $110/year at local rates — $1,323 over the appliance lifetime.
Highest-Cost Appliances in Madison, WI
See which appliances cost the most to run at Madison's 14.9¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,934/yr
$161.14/mo
Electric Furnace
HVAC · 10,000W
$1,343/yr
$111.90/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$980/yr
$81.69/mo
EV Charger (Level 2)
Garage · 7,200W
$967/yr
$80.57/mo
Boiler (Electric)
HVAC · 6,000W
$806/yr
$67.14/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$735/yr
$61.27/mo
Heat Pump
HVAC · 2,400W
$573/yr
$47.74/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$537/yr
$44.76/mo
Electric Water Heater (Tank) Cost in Other Wisconsin Cities
Electric Water Heater (Tank) Energy Cost FAQ — Madison, WI
Understanding Electric Water Heater (Tank) Energy Costs in Madison, WI
Madison is a mid-sized Wisconsin city where residential electricity rates from Madison Gas & Electric (MGE) are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Electric Water Heater (Tank) (4,500W) at Madison's rate of 14.9¢/kWh costs approximately $735 per year — $95 more than the national average of $641.
Madison rates are 15% above the national average — a modest premium that adds $95 per year to Electric Water Heater (Tank) operating costs. Over the appliance's 12-year lifespan, that's $1,135 in cumulative extra spending versus the national average.
Madison's cost of living index of 92 is below the national average, and electricity costs reflect that affordability. The Electric Water Heater (Tank) adds $61.27/month to a typical bill of $134. Upgrading to an ENERGY STAR Electric Water Heater (Tank) can cut energy use by up to 15%, saving approximately $110 per year at Madison rates.
Madison's moderate climate (avg 57.4°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. Madison 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 Madison.
Compare All Energy Costs in Madison
See energy costs for 178+ household appliances at Madison's local electricity rate.