Electric Tankless Water Heater in Springfield — $1,042/yr to Run (15.9¢/kWh)
Your electric tankless water heater in Springfield costs about $87/month at 15.9¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Springfield, IL Electricity Rate
15.9¢/kWh
Utility: ComEd
+22% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.85
18.0 kWh/day
Monthly Cost
$86.83
548 kWh/mo
Annual Cost
$1,042
6,570 kWh/yr
Lifetime (20yr)
$20,840
energy only
Monthly Cost Breakdown in Springfield
| Period | kWh | Springfield Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 18.0 | $2.85 | $2.34 | +$0.51 |
| Weekly | 126.0 | $19.98 | $16.38 | +$3.60 |
| Monthly | 547.5 | $86.83 | $71.17 | +$15.66 |
| Quarterly | 1642.5 | $260.50 | $213.53 | +$46.98 |
| Annual | 6570.0 | $1042.00 | $854.10 | +$187.90 |
Customize Your Electric Tankless Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Springfield.
Daily
$2.85
Monthly
$86.83
Annual
$1,042
20-Year
$20,840
Energy Saving Tips for Electric Tankless Water Heater in Springfield
- ✓Springfield electricity rates are 22% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Tankless Water Heater in Springfield saves ~$250/year compared to standard models.
- ✓A smart Electric Tankless Water Heater with scheduling optimization can save ~$156/year at Springfield 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 Springfield saves approximately $250/year at local rates — $5,002 over the appliance lifetime.
Highest-Cost Appliances in Springfield, IL
See which appliances cost the most to run at Springfield's 15.9¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$2,055/yr
$171.29/mo
Electric Furnace
HVAC · 10,000W
$1,427/yr
$118.95/mo
EV Charger (Level 2)
Garage · 7,200W
$1,028/yr
$85.64/mo
Boiler (Electric)
HVAC · 6,000W
$856/yr
$71.37/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$782/yr
$65.13/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$782/yr
$65.13/mo
Heat Pump
HVAC · 2,400W
$609/yr
$50.75/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$571/yr
$47.58/mo
Electric Tankless Water Heater Cost in Other Illinois Cities
Electric Tankless Water Heater Energy Cost FAQ — Springfield, IL
Understanding Electric Tankless Water Heater Energy Costs in Springfield, IL
Springfield is a mid-sized Illinois city where residential electricity rates from ComEd are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Electric Tankless Water Heater (18,000W) at Springfield's rate of 15.9¢/kWh costs approximately $1,042 per year — $188 more than the national average of $854.
Electricity in Springfield is significantly more expensive than the national average — 22% higher. For a Electric Tankless Water Heater used 1 hours per day, this rate premium adds up to $188 in extra annual costs. Energy-efficient models and usage habits have an outsized impact in high-rate markets like this.
With a cost of living index of 97, Springfield is near the national median. The Electric Tankless Water Heater's monthly cost of $86.83 represents a typical share of the average Springfield electric bill of $128/month. Upgrading to an ENERGY STAR Electric Tankless Water Heater can cut energy use by up to 24%, saving approximately $250 per year at Springfield rates.
Springfield's moderate climate (avg 52.4°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. Springfield 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 Springfield.
Compare All Energy Costs in Springfield
See energy costs for 168+ household appliances at Springfield's local electricity rate.