Tankless Water Heater (Electric) in Lakewood — $457/yr to Run (13.9¢/kWh)
Your tankless water heater (electric) in Lakewood costs about $38/month at 13.9¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Lakewood, CO Electricity Rate
13.9¢/kWh
Utility: Xcel Energy
+7% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.25
9.0 kWh/day
Monthly Cost
$38.08
274 kWh/mo
Annual Cost
$457
3,285 kWh/yr
Lifetime (20yr)
$9,139
energy only
Monthly Cost Breakdown in Lakewood
| Period | kWh | Lakewood Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 9.0 | $1.25 | $1.17 | +$0.08 |
| Weekly | 63.0 | $8.76 | $8.19 | +$0.57 |
| Monthly | 273.8 | $38.08 | $35.59 | +$2.49 |
| Quarterly | 821.3 | $114.24 | $106.76 | +$7.47 |
| Annual | 3285.0 | $456.94 | $427.05 | +$29.89 |
Customize Your Tankless Water Heater (Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Lakewood.
Daily
$1.25
Monthly
$38.08
Annual
$457
20-Year
$9,139
Energy Saving Tips for Tankless Water Heater (Electric) in Lakewood
- ✓Lakewood electricity rates are 7% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Tankless Water Heater (Electric) in Lakewood saves ~$91/year compared to standard models.
- ✓A smart Tankless Water Heater (Electric) with scheduling optimization can save ~$69/year at Lakewood 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 Lakewood saves approximately $91/year at local rates — $1,828 over the appliance lifetime.
Highest-Cost Appliances in Lakewood, CO
See which appliances cost the most to run at Lakewood's 13.9¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,803/yr
$150.23/mo
Electric Furnace
HVAC · 10,000W
$1,252/yr
$104.33/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$914/yr
$76.16/mo
EV Charger (Level 2)
Garage · 7,200W
$901/yr
$75.11/mo
Boiler (Electric)
HVAC · 6,000W
$751/yr
$62.59/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$685/yr
$57.12/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$685/yr
$57.12/mo
Heat Pump
HVAC · 2,400W
$534/yr
$44.51/mo
Tankless Water Heater (Electric) Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Lakewood |
|---|---|---|---|
| Lakewood (current) | 13.9¢ | $457 | — |
| Denver | 14.5¢ | $476 | +$19 |
| Colorado Springs | 13.7¢ | $450 | $-7 |
| Aurora | 15.4¢ | $505 | +$48 |
| Fort Collins | 13.7¢ | $449 | $-8 |
| Thornton | 15.0¢ | $493 | +$36 |
| Arvada | 14.8¢ | $487 | +$31 |
| Westminster | 15.4¢ | $507 | +$50 |
| Pueblo | 14.8¢ | $487 | +$31 |
Tankless Water Heater (Electric) Energy Cost FAQ — Lakewood, CO
Understanding Tankless Water Heater (Electric) Energy Costs in Lakewood, CO
Lakewood is a mid-sized Colorado city where residential electricity rates from Xcel Energy are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Tankless Water Heater (Electric) (18,000W) at Lakewood's rate of 13.9¢/kWh costs approximately $457 per year — $30 more than the national average of $427.
Lakewood rates are 7% above the national average — a modest premium that adds $30 per year to Tankless Water Heater (Electric) operating costs. Over the appliance's 20-year lifespan, that's $598 in cumulative extra spending versus the national average.
With a cost of living index of 104, Lakewood is near the national median. The Tankless Water Heater (Electric)'s monthly cost of $38.08 represents a typical share of the average Lakewood electric bill of $128/month. Upgrading to an ENERGY STAR Tankless Water Heater (Electric) can cut energy use by up to 20%, saving approximately $91 per year at Lakewood rates.
In Lakewood's warm climate (avg 76.7°F), HVAC-related appliances tend to run more frequently, compounding energy costs. A Tankless Water Heater (Electric) produces approximately 2.35 tons of CO2 annually at typical usage. Lakewood 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 Lakewood.
Compare All Energy Costs in Lakewood
See energy costs for 168+ household appliances at Lakewood's local electricity rate.