Tankless Water Heater (Electric) in Colorado Springs — $450/yr to Run (13.7¢/kWh)
Your tankless water heater (electric) in Colorado Springs costs about $37/month at 13.7¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Colorado Springs, CO Electricity Rate
13.7¢/kWh
Utility: Colorado Springs Utilities
+5% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.23
9.0 kWh/day
Monthly Cost
$37.48
274 kWh/mo
Annual Cost
$450
3,285 kWh/yr
Lifetime (20yr)
$8,994
energy only
Monthly Cost Breakdown in Colorado Springs
| Period | kWh | Colorado Springs Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 9.0 | $1.23 | $1.17 | +$0.06 |
| Weekly | 63.0 | $8.62 | $8.19 | +$0.43 |
| Monthly | 273.8 | $37.48 | $35.59 | +$1.89 |
| Quarterly | 821.3 | $112.43 | $106.76 | +$5.67 |
| Annual | 3285.0 | $449.72 | $427.05 | +$22.67 |
Customize Your Tankless Water Heater (Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Colorado Springs.
Daily
$1.23
Monthly
$37.48
Annual
$450
20-Year
$8,994
Energy Saving Tips for Tankless Water Heater (Electric) in Colorado Springs
- ✓Colorado Springs electricity rates are 5% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Tankless Water Heater (Electric) in Colorado Springs saves ~$90/year compared to standard models.
- ✓A smart Tankless Water Heater (Electric) with scheduling optimization can save ~$67/year at Colorado Springs 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 Colorado Springs saves approximately $90/year at local rates — $1,799 over the appliance lifetime.
Highest-Cost Appliances in Colorado Springs, CO
See which appliances cost the most to run at Colorado Springs's 13.7¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,774/yr
$147.85/mo
Electric Furnace
HVAC · 10,000W
$1,232/yr
$102.67/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$899/yr
$74.95/mo
EV Charger (Level 2)
Garage · 7,200W
$887/yr
$73.93/mo
Boiler (Electric)
HVAC · 6,000W
$739/yr
$61.60/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$675/yr
$56.21/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$675/yr
$56.21/mo
Heat Pump
HVAC · 2,400W
$526/yr
$43.81/mo
Tankless Water Heater (Electric) Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Colorado Springs |
|---|---|---|---|
| Colorado Springs (current) | 13.7¢ | $450 | — |
| Denver | 14.5¢ | $476 | +$27 |
| Aurora | 15.4¢ | $505 | +$55 |
| Fort Collins | 13.7¢ | $449 | $-0 |
| Lakewood | 13.9¢ | $457 | +$7 |
| Thornton | 15.0¢ | $493 | +$43 |
| Arvada | 14.8¢ | $487 | +$38 |
| Westminster | 15.4¢ | $507 | +$57 |
| Pueblo | 14.8¢ | $487 | +$38 |
Tankless Water Heater (Electric) Energy Cost FAQ — Colorado Springs, CO
Understanding Tankless Water Heater (Electric) Energy Costs in Colorado Springs, CO
Colorado Springs is a mid-sized Colorado city where residential electricity rates from Colorado Springs Utilities are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Tankless Water Heater (Electric) (18,000W) at Colorado Springs's rate of 13.7¢/kWh costs approximately $450 per year — $23 more than the national average of $427.
Colorado Springs rates are 5% above the national average — a modest premium that adds $23 per year to Tankless Water Heater (Electric) operating costs. Over the appliance's 20-year lifespan, that's $453 in cumulative extra spending versus the national average.
With a cost of living index of 114, Colorado Springs is near the national median. The Tankless Water Heater (Electric)'s monthly cost of $37.48 represents a typical share of the average Colorado Springs electric bill of $144/month. Upgrading to an ENERGY STAR Tankless Water Heater (Electric) can cut energy use by up to 20%, saving approximately $90 per year at Colorado Springs rates.
Colorado Springs's moderate climate (avg 66.9°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. Colorado Springs 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 Colorado Springs.
Compare All Energy Costs in Colorado Springs
See energy costs for 168+ household appliances at Colorado Springs's local electricity rate.