Tankless Water Heater (Electric) in Cary — $429/yr to Run (13.1¢/kWh)
Your tankless water heater (electric) in Cary costs about $36/month at 13.1¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Cary, NC Electricity Rate
13.1¢/kWh
Utility: Duke Energy Carolinas
+1% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.18
9.0 kWh/day
Monthly Cost
$35.78
274 kWh/mo
Annual Cost
$429
3,285 kWh/yr
Lifetime (20yr)
$8,587
energy only
Monthly Cost Breakdown in Cary
| Period | kWh | Cary Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 9.0 | $1.18 | $1.17 | +$0.01 |
| Weekly | 63.0 | $8.23 | $8.19 | +$0.04 |
| Monthly | 273.8 | $35.78 | $35.59 | +$0.19 |
| Quarterly | 821.3 | $107.34 | $106.76 | +$0.57 |
| Annual | 3285.0 | $429.35 | $427.05 | +$2.30 |
Customize Your Tankless Water Heater (Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Cary.
Daily
$1.18
Monthly
$35.78
Annual
$429
20-Year
$8,587
Energy Saving Tips for Tankless Water Heater (Electric) in Cary
- ✓Cary electricity rates are 1% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Tankless Water Heater (Electric) in Cary saves ~$86/year compared to standard models.
- ✓A smart Tankless Water Heater (Electric) with scheduling optimization can save ~$64/year at Cary rates.
- ✓Provides hot water on demand with no standby loss
- ✓Flush annually to remove scale
- ✓Requires dedicated electrical circuit
ENERGY STAR Savings: Upgrading to an ENERGY STAR Tankless Water Heater (Electric) in Cary saves approximately $86/year at local rates — $1,717 over the appliance lifetime.
Highest-Cost Appliances in Cary, NC
See which appliances cost the most to run at Cary's 13.1¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,694/yr
$141.16/mo
Electric Furnace
HVAC · 10,000W
$1,176/yr
$98.03/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$859/yr
$71.56/mo
EV Charger (Level 2)
Garage · 7,200W
$847/yr
$70.58/mo
Boiler (Electric)
HVAC · 6,000W
$706/yr
$58.82/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$644/yr
$53.67/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$644/yr
$53.67/mo
Heat Pump
HVAC · 2,400W
$502/yr
$41.82/mo
Tankless Water Heater (Electric) Cost in Other North Carolina Cities
| City | Rate | Annual Cost | vs Cary |
|---|---|---|---|
| Cary (current) | 13.1¢ | $429 | — |
| Charlotte | 13.3¢ | $438 | +$9 |
| Raleigh | 12.7¢ | $418 | $-11 |
| Greensboro | 13.6¢ | $448 | +$18 |
| Durham | 13.3¢ | $436 | +$7 |
| Winston-Salem | 14.0¢ | $459 | +$30 |
| Fayetteville | 12.7¢ | $419 | $-11 |
| Wilmington | 14.1¢ | $462 | +$32 |
| High Point | 13.5¢ | $444 | +$15 |
Tankless Water Heater (Electric) Energy Cost FAQ — Cary, NC
Understanding Tankless Water Heater (Electric) Energy Costs in Cary, NC
Cary 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 Tankless Water Heater (Electric) (18,000W) at Cary's rate of 13.1¢/kWh costs approximately $429 per year — $2 more than the national average of $427.
Cary rates are 1% above the national average — a modest premium that adds $2 per year to Tankless Water Heater (Electric) operating costs. Over the appliance's 20-year lifespan, that's $46 in cumulative extra spending versus the national average.
With a cost of living index of 102, Cary is near the national median. The Tankless Water Heater (Electric)'s monthly cost of $35.78 represents a typical share of the average Cary electric bill of $133/month. Upgrading to an ENERGY STAR Tankless Water Heater (Electric) can cut energy use by up to 20%, saving approximately $86 per year at Cary rates.
Cary's moderate climate (avg 67.3°F) helps keep seasonal energy cost swings manageable for most appliances. A Tankless Water Heater (Electric) produces approximately 2.35 tons of CO2 annually at typical usage. Cary 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 Cary.
Compare All Energy Costs in Cary
See energy costs for 168+ household appliances at Cary's local electricity rate.