Electric Tankless Water Heater in High Point — $889/yr to Run (13.5¢/kWh)
Your electric tankless water heater in High Point costs about $74/month at 13.5¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
High Point, NC Electricity Rate
13.5¢/kWh
Utility: Duke Energy Carolinas
+4% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.44
18.0 kWh/day
Monthly Cost
$74.08
548 kWh/mo
Annual Cost
$889
6,570 kWh/yr
Lifetime (20yr)
$17,778
energy only
Monthly Cost Breakdown in High Point
| Period | kWh | High Point Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 18.0 | $2.44 | $2.34 | +$0.10 |
| Weekly | 126.0 | $17.05 | $16.38 | +$0.67 |
| Monthly | 547.5 | $74.08 | $71.17 | +$2.90 |
| Quarterly | 1642.5 | $222.23 | $213.53 | +$8.71 |
| Annual | 6570.0 | $888.92 | $854.10 | +$34.82 |
Customize Your Electric Tankless Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in High Point.
Daily
$2.44
Monthly
$74.08
Annual
$889
20-Year
$17,778
Energy Saving Tips for Electric Tankless Water Heater in High Point
- ✓High Point electricity rates are 4% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Tankless Water Heater in High Point saves ~$213/year compared to standard models.
- ✓A smart Electric Tankless Water Heater with scheduling optimization can save ~$133/year at High Point rates.
- ✓Install point-of-use units for remote fixtures
- ✓Size properly for peak demand
- ✓Consider electrical upgrade
ENERGY STAR Savings: Upgrading to an ENERGY STAR Electric Tankless Water Heater in High Point saves approximately $213/year at local rates — $4,267 over the appliance lifetime.
Highest-Cost Appliances in High Point, NC
See which appliances cost the most to run at High Point's 13.5¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,753/yr
$146.12/mo
Electric Furnace
HVAC · 10,000W
$1,218/yr
$101.48/mo
EV Charger (Level 2)
Garage · 7,200W
$877/yr
$73.06/mo
Boiler (Electric)
HVAC · 6,000W
$731/yr
$60.88/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$667/yr
$55.56/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$667/yr
$55.56/mo
Heat Pump
HVAC · 2,400W
$520/yr
$43.30/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$487/yr
$40.59/mo
Electric Tankless Water Heater Cost in Other North Carolina Cities
| City | Rate | Annual Cost | vs High Point |
|---|---|---|---|
| High Point (current) | 13.5¢ | $889 | — |
| Charlotte | 13.3¢ | $876 | $-12 |
| Raleigh | 12.7¢ | $836 | $-53 |
| Greensboro | 13.6¢ | $895 | +$7 |
| Durham | 13.3¢ | $872 | $-17 |
| Winston-Salem | 14.0¢ | $918 | +$30 |
| Fayetteville | 12.7¢ | $837 | $-52 |
| Cary | 13.1¢ | $859 | $-30 |
| Wilmington | 14.1¢ | $923 | +$34 |
Electric Tankless Water Heater Energy Cost FAQ — High Point, NC
Understanding Electric Tankless Water Heater Energy Costs in High Point, NC
High Point is a mid-sized North Carolina city where residential electricity rates from Duke Energy Carolinas are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Electric Tankless Water Heater (18,000W) at High Point's rate of 13.5¢/kWh costs approximately $889 per year — $35 more than the national average of $854.
High Point rates are 4% above the national average — a modest premium that adds $35 per year to Electric Tankless Water Heater operating costs. Over the appliance's 20-year lifespan, that's $696 in cumulative extra spending versus the national average.
With a cost of living index of 98, High Point is near the national median. The Electric Tankless Water Heater's monthly cost of $74.08 represents a typical share of the average High Point electric bill of $125/month. Upgrading to an ENERGY STAR Electric Tankless Water Heater can cut energy use by up to 24%, saving approximately $213 per year at High Point rates.
High Point's moderate climate (avg 60.4°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Tankless Water Heater produces approximately 2.1 tons of CO2 annually at typical usage. High Point 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 High Point.
Compare All Energy Costs in High Point
See energy costs for 168+ household appliances at High Point's local electricity rate.