Electric Tankless Water Heater in Springfield — $1,916/yr to Run (29.2¢/kWh)
Your electric tankless water heater in Springfield costs about $160/month at 29.2¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Springfield, MA Electricity Rate
29.2¢/kWh
Utility: Eversource Energy
+124% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$5.25
18.0 kWh/day
Monthly Cost
$159.71
548 kWh/mo
Annual Cost
$1,916
6,570 kWh/yr
Lifetime (20yr)
$38,329
energy only
Monthly Cost Breakdown in Springfield
| Period | kWh | Springfield Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 18.0 | $5.25 | $2.34 | +$2.91 |
| Weekly | 126.0 | $36.75 | $16.38 | +$20.37 |
| Monthly | 547.5 | $159.71 | $71.17 | +$88.53 |
| Quarterly | 1642.5 | $479.12 | $213.53 | +$265.59 |
| Annual | 6570.0 | $1916.47 | $854.10 | +$1062.37 |
Customize Your Electric Tankless Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Springfield.
Daily
$5.25
Monthly
$159.71
Annual
$1,916
20-Year
$38,329
Energy Saving Tips for Electric Tankless Water Heater in Springfield
- ✓Springfield electricity rates are 124% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Tankless Water Heater in Springfield saves ~$460/year compared to standard models.
- ✓A smart Electric Tankless Water Heater with scheduling optimization can save ~$287/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 $460/year at local rates — $9,199 over the appliance lifetime.
Highest-Cost Appliances in Springfield, MA
See which appliances cost the most to run at Springfield's 29.2¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$3,780/yr
$315.04/mo
Electric Furnace
HVAC · 10,000W
$2,625/yr
$218.78/mo
EV Charger (Level 2)
Garage · 7,200W
$1,890/yr
$157.52/mo
Boiler (Electric)
HVAC · 6,000W
$1,575/yr
$131.27/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$1,437/yr
$119.78/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$1,437/yr
$119.78/mo
Heat Pump
HVAC · 2,400W
$1,120/yr
$93.34/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$1,050/yr
$87.51/mo
Electric Tankless Water Heater Cost in Other Massachusetts Cities
Electric Tankless Water Heater Energy Cost FAQ — Springfield, MA
Understanding Electric Tankless Water Heater Energy Costs in Springfield, MA
Springfield is a mid-sized Massachusetts city where residential electricity rates from Eversource Energy 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 29.2¢/kWh costs approximately $1,916 per year — $1062 more than the national average of $854.
Electricity in Springfield is significantly more expensive than the national average — 124% higher. For a Electric Tankless Water Heater used 1 hours per day, this rate premium adds up to $1,062 in extra annual costs. Energy-efficient models and usage habits have an outsized impact in high-rate markets like this.
Springfield has a high cost of living (index: 144), which means electricity is just one of many above-average expenses. Reducing appliance energy costs — even by small amounts — contributes to meaningful household savings in this market. Upgrading to an ENERGY STAR Electric Tankless Water Heater can cut energy use by up to 24%, saving approximately $460 per year at Springfield rates.
Springfield's moderate climate (avg 44.5°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.