Tankless Water Heater (Electric) in Lynn — $708/yr to Run (21.5¢/kWh)
Your tankless water heater (electric) in Lynn costs about $59/month at 21.5¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Lynn, MA Electricity Rate
21.5¢/kWh
Utility: Eversource
+66% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.94
9.0 kWh/day
Monthly Cost
$58.97
274 kWh/mo
Annual Cost
$708
3,285 kWh/yr
Lifetime (20yr)
$14,152
energy only
Monthly Cost Breakdown in Lynn
| Period | kWh | Lynn Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 9.0 | $1.94 | $1.17 | +$0.77 |
| Weekly | 63.0 | $13.57 | $8.19 | +$5.38 |
| Monthly | 273.8 | $58.97 | $35.59 | +$23.38 |
| Quarterly | 821.3 | $176.90 | $106.76 | +$70.13 |
| Annual | 3285.0 | $707.59 | $427.05 | +$280.54 |
Customize Your Tankless Water Heater (Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Lynn.
Daily
$1.94
Monthly
$58.97
Annual
$708
20-Year
$14,152
Energy Saving Tips for Tankless Water Heater (Electric) in Lynn
- ✓Lynn electricity rates are 66% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Tankless Water Heater (Electric) in Lynn saves ~$142/year compared to standard models.
- ✓A smart Tankless Water Heater (Electric) with scheduling optimization can save ~$106/year at Lynn 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 Lynn saves approximately $142/year at local rates — $2,830 over the appliance lifetime.
Highest-Cost Appliances in Lynn, MA
See which appliances cost the most to run at Lynn's 21.5¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$2,792/yr
$232.63/mo
Electric Furnace
HVAC · 10,000W
$1,939/yr
$161.55/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$1,415/yr
$117.93/mo
EV Charger (Level 2)
Garage · 7,200W
$1,396/yr
$116.32/mo
Boiler (Electric)
HVAC · 6,000W
$1,163/yr
$96.93/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$1,061/yr
$88.45/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$1,061/yr
$88.45/mo
Heat Pump
HVAC · 2,400W
$827/yr
$68.93/mo
Tankless Water Heater (Electric) Cost in Other Massachusetts Cities
| City | Rate | Annual Cost | vs Lynn |
|---|---|---|---|
| Lynn (current) | 21.5¢ | $708 | — |
| Boston | 27.8¢ | $913 | +$205 |
| Worcester | 29.6¢ | $972 | +$265 |
| Springfield | 29.2¢ | $958 | +$251 |
| Cambridge | 26.9¢ | $885 | +$177 |
| Lowell | 30.3¢ | $995 | +$287 |
| Brockton | 21.0¢ | $691 | $-17 |
| Quincy | 21.4¢ | $705 | $-3 |
| New Bedford | 23.4¢ | $770 | +$62 |
Tankless Water Heater (Electric) Energy Cost FAQ — Lynn, MA
Understanding Tankless Water Heater (Electric) Energy Costs in Lynn, MA
In the Lynn area, Eversource serves a smaller residential base, and rates can be more sensitive to seasonal demand swings than in larger metros. Running a high-draw appliance like the Tankless Water Heater (Electric) (18,000W) at Lynn's rate of 21.5¢/kWh costs approximately $708 per year — $281 more than the national average of $427.
Electricity in Lynn is significantly more expensive than the national average — 66% higher. For a Tankless Water Heater (Electric) used 0.5 hours per day, this rate premium adds up to $281 in extra annual costs. Energy-efficient models and usage habits have an outsized impact in high-rate markets like this.
With a cost of living index of 118.5, Lynn is near the national median. The Tankless Water Heater (Electric)'s monthly cost of $58.97 represents a typical share of the average Lynn electric bill of $194/month. Upgrading to an ENERGY STAR Tankless Water Heater (Electric) can cut energy use by up to 20%, saving approximately $142 per year at Lynn rates.
Lynn's moderate climate (avg 49°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. Lynn 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 Lynn.
Compare All Energy Costs in Lynn
See energy costs for 168+ household appliances at Lynn's local electricity rate.