Tankless Water Heater (Electric) in Denver — $476/yr to Run (14.5¢/kWh)
Your tankless water heater (electric) in Denver costs about $40/month at 14.5¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Denver, CO Electricity Rate
14.5¢/kWh
Utility: Xcel Energy
+12% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.30
9.0 kWh/day
Monthly Cost
$39.69
274 kWh/mo
Annual Cost
$476
3,285 kWh/yr
Lifetime (20yr)
$9,527
energy only
Monthly Cost Breakdown in Denver
| Period | kWh | Denver Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 9.0 | $1.30 | $1.17 | +$0.14 |
| Weekly | 63.0 | $9.13 | $8.19 | +$0.95 |
| Monthly | 273.8 | $39.69 | $35.59 | +$4.11 |
| Quarterly | 821.3 | $119.08 | $106.76 | +$12.32 |
| Annual | 3285.0 | $476.32 | $427.05 | +$49.27 |
Customize Your Tankless Water Heater (Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Denver.
Daily
$1.30
Monthly
$39.69
Annual
$476
20-Year
$9,527
Energy Saving Tips for Tankless Water Heater (Electric) in Denver
- ✓Denver electricity rates are 12% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Tankless Water Heater (Electric) in Denver saves ~$95/year compared to standard models.
- ✓A smart Tankless Water Heater (Electric) with scheduling optimization can save ~$71/year at Denver 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 Denver saves approximately $95/year at local rates — $1,905 over the appliance lifetime.
Highest-Cost Appliances in Denver, CO
See which appliances cost the most to run at Denver's 14.5¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,879/yr
$156.60/mo
Electric Furnace
HVAC · 10,000W
$1,305/yr
$108.75/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$953/yr
$79.39/mo
EV Charger (Level 2)
Garage · 7,200W
$940/yr
$78.30/mo
Boiler (Electric)
HVAC · 6,000W
$783/yr
$65.25/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$714/yr
$59.54/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$714/yr
$59.54/mo
Heat Pump
HVAC · 2,400W
$557/yr
$46.40/mo
Tankless Water Heater (Electric) Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Denver |
|---|---|---|---|
| Denver (current) | 14.5¢ | $476 | — |
| Colorado Springs | 13.7¢ | $450 | $-27 |
| Aurora | 15.4¢ | $505 | +$29 |
| Fort Collins | 13.7¢ | $449 | $-27 |
| Lakewood | 13.9¢ | $457 | $-19 |
| Thornton | 15.0¢ | $493 | +$17 |
| Arvada | 14.8¢ | $487 | +$11 |
| Westminster | 15.4¢ | $507 | +$31 |
| Pueblo | 14.8¢ | $487 | +$11 |
Tankless Water Heater (Electric) Energy Cost FAQ — Denver, CO
Understanding Tankless Water Heater (Electric) Energy Costs in Denver, CO
In a major metro like Denver, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.7 million residents. Running a high-draw appliance like the Tankless Water Heater (Electric) (18,000W) at Denver's rate of 14.5¢/kWh costs approximately $476 per year — $49 more than the national average of $427.
Denver rates are 12% above the national average — a modest premium that adds $49 per year to Tankless Water Heater (Electric) operating costs. Over the appliance's 20-year lifespan, that's $985 in cumulative extra spending versus the national average.
With a cost of living index of 104, Denver is near the national median. The Tankless Water Heater (Electric)'s monthly cost of $39.69 represents a typical share of the average Denver electric bill of $145/month. Upgrading to an ENERGY STAR Tankless Water Heater (Electric) can cut energy use by up to 20%, saving approximately $95 per year at Denver rates.
Denver's moderate climate (avg 68.9°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. Denver 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 Denver.
Compare All Energy Costs in Denver
See energy costs for 168+ household appliances at Denver's local electricity rate.