Heat Pump Water Heater Energy Cost Calculator
Ultra-efficient water heater using heat pump technology, 3x more efficient than conventional.
Power Draw
500W
watts
Annual kWh
1,095
avg usage
Annual Cost
$142
avg national
CO₂/Year
0.78 tons
carbon impact
Heat Pump Water Heater Cost Calculator
Customize usage and your state's electricity rate for accurate cost estimates.
Daily Cost
$0.39
Monthly Cost
$11.86
Annual Cost
$142
Lifetime Cost
$2,135
Energy Saving Opportunities
ENERGY STARAvailable
Save up to 30% vs standard models
~$43/year savings
Smart VersionAvailable
Smart scheduling saves 20% more energy
~$28/year savings
Energy Saving Tips
- ✓Keep in a warm area like a garage
- ✓Dont block airflow around unit
- ✓Use heat pump only mode for max savings
Compare Alternatives
| Appliance | Watts | Annual kWh | Annual Cost |
|---|---|---|---|
| Heat Pump Water Heater (current) | 500W | 1,095 | $142 |
| Electric Water Heater (Tank) | 4,500W | 4,927 | $641 |
| Tankless Water Heater (Electric) | 18,000W | 3,285 | $427 |
Heat Pump Water Heater Cost Summary
Purchase Price (one-time)$2,200
Annual Energy Cost (at 13¢/kWh)$142
Lifespan 15 years
Lifetime Energy Cost (energy only)$2,135
Total Cost of Ownership (purchase + energy)$4,335
Heat Pump Water Heater Energy FAQ
Heat Pump Water Heater Running Cost by City (top 100)
Electricity rates vary by city, so the cost to run a heat pump water heater does too. See your local cost:
New York, NYLos Angeles, CAChicago, ILHouston, TXPhoenix, AZPhiladelphia, PASan Antonio, TXSan Diego, CADallas, TXSan Jose, CAAustin, TXJacksonville, FLFort Worth, TXColumbus, OHIndianapolis, INCharlotte, NCSan Francisco, CASeattle, WADenver, COWashington, DCNashville, TNOklahoma City, OKEl Paso, TXBoston, MAPortland, ORLas Vegas, NVDetroit, MIMemphis, TNLouisville, KYBaltimore, MDMilwaukee, WIAlbuquerque, NMTucson, AZFresno, CASacramento, CAKansas City, MOMesa, AZAtlanta, GAOmaha, NEColorado Springs, CORaleigh, NCLong Beach, CAVirginia Beach, VAMiami, FLOakland, CAMinneapolis, MNTulsa, OKBakersfield, CATampa, FLWichita, KSArlington, TXAurora, CONew Orleans, LACleveland, OHHonolulu, HIAnaheim, CALexington, KYStockton, CAHenderson, NVCorpus Christi, TXRiverside, CANewark, NJSaint Paul, MNSanta Ana, CACincinnati, OHIrvine, CAOrlando, FLPittsburgh, PASt. Louis, MOGreensboro, NCOyster Bay, NYJersey City, NJAnchorage, AKLincoln, NEPlano, TXDurham, NCBuffalo, NYChandler, AZChula Vista, CAToledo, OHMadison, WIGilbert, AZReno, NVLubbock, TXFort Wayne, INNorth Las Vegas, NVSt. Petersburg, FLIrving, TXLaredo, TXWinston-Salem, NCChesapeake, VAGlendale, AZGarland, TXScottsdale, AZArlington, VANorfolk, VANorth Hempstead, NYBoise, IDFremont, CASpokane, WA
Compare All Appliance Costs
See energy costs for 178+ household appliances and find ways to reduce your electric bill.