Electric Tankless Water Heater in Memphis — $861/yr to Run (13.1¢/kWh)
Your electric tankless water heater in Memphis costs about $72/month at 13.1¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Memphis, TN Electricity Rate
13.1¢/kWh
Utility: Memphis Light, Gas & Water
+1% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.36
18.0 kWh/day
Monthly Cost
$71.72
548 kWh/mo
Annual Cost
$861
6,570 kWh/yr
Lifetime (20yr)
$17,213
energy only
Monthly Cost Breakdown in Memphis
| Period | kWh | Memphis Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 18.0 | $2.36 | $2.34 | +$0.02 |
| Weekly | 126.0 | $16.51 | $16.38 | +$0.13 |
| Monthly | 547.5 | $71.72 | $71.17 | +$0.55 |
| Quarterly | 1642.5 | $215.17 | $213.53 | +$1.64 |
| Annual | 6570.0 | $860.67 | $854.10 | +$6.57 |
Customize Your Electric Tankless Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Memphis.
Daily
$2.36
Monthly
$71.72
Annual
$861
20-Year
$17,213
Energy Saving Tips for Electric Tankless Water Heater in Memphis
- ✓Memphis electricity rates are 1% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Tankless Water Heater in Memphis saves ~$207/year compared to standard models.
- ✓A smart Electric Tankless Water Heater with scheduling optimization can save ~$129/year at Memphis 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 Memphis saves approximately $207/year at local rates — $4,131 over the appliance lifetime.
Highest-Cost Appliances in Memphis, TN
See which appliances cost the most to run at Memphis's 13.1¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,698/yr
$141.48/mo
Electric Furnace
HVAC · 10,000W
$1,179/yr
$98.25/mo
EV Charger (Level 2)
Garage · 7,200W
$849/yr
$70.74/mo
Boiler (Electric)
HVAC · 6,000W
$707/yr
$58.95/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$646/yr
$53.79/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$646/yr
$53.79/mo
Heat Pump
HVAC · 2,400W
$503/yr
$41.92/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$472/yr
$39.30/mo
Electric Tankless Water Heater Cost in Other Tennessee Cities
| City | Rate | Annual Cost | vs Memphis |
|---|---|---|---|
| Memphis (current) | 13.1¢ | $861 | — |
| Nashville | 12.0¢ | $786 | $-74 |
| Knoxville | 12.0¢ | $788 | $-72 |
| Chattanooga | 12.3¢ | $809 | $-51 |
| Clarksville | 11.3¢ | $745 | $-116 |
| Murfreesboro | 12.7¢ | $834 | $-26 |
| Franklin | 12.5¢ | $821 | $-40 |
| Johnson City | 11.9¢ | $782 | $-79 |
| Jackson | 9.4¢ | $621 | $-240 |
Electric Tankless Water Heater Energy Cost FAQ — Memphis, TN
Understanding Electric Tankless Water Heater Energy Costs in Memphis, TN
In a major metro like Memphis, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.6 million residents. Running a high-draw appliance like the Electric Tankless Water Heater (18,000W) at Memphis's rate of 13.1¢/kWh costs approximately $861 per year — $7 more than the national average of $854.
Memphis rates are 1% above the national average — a modest premium that adds $7 per year to Electric Tankless Water Heater operating costs. Over the appliance's 20-year lifespan, that's $131 in cumulative extra spending versus the national average.
Memphis's cost of living index of 87 is below the national average, and electricity costs reflect that affordability. The Electric Tankless Water Heater adds $71.72/month to a typical bill of $152. Upgrading to an ENERGY STAR Electric Tankless Water Heater can cut energy use by up to 24%, saving approximately $207 per year at Memphis rates.
In Memphis's warm climate (avg 71°F), HVAC-related appliances tend to run more frequently, compounding energy costs. A Electric Tankless Water Heater produces approximately 2.1 tons of CO2 annually at typical usage. Memphis 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 Memphis.
Compare All Energy Costs in Memphis
See energy costs for 168+ household appliances at Memphis's local electricity rate.