Tankless Water Heater (Electric) in Providence — $933/yr to Run (28.4¢/kWh)
Your tankless water heater (electric) in Providence costs about $78/month at 28.4¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Providence, RI Electricity Rate
28.4¢/kWh
Utility: Rhode Island Energy
+118% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.56
9.0 kWh/day
Monthly Cost
$77.74
274 kWh/mo
Annual Cost
$933
3,285 kWh/yr
Lifetime (20yr)
$18,659
energy only
Monthly Cost Breakdown in Providence
| Period | kWh | Providence Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 9.0 | $2.56 | $1.17 | +$1.39 |
| Weekly | 63.0 | $17.89 | $8.19 | +$9.70 |
| Monthly | 273.8 | $77.74 | $35.59 | +$42.16 |
| Quarterly | 821.3 | $233.23 | $106.76 | +$126.47 |
| Annual | 3285.0 | $932.94 | $427.05 | +$505.89 |
Customize Your Tankless Water Heater (Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Providence.
Daily
$2.56
Monthly
$77.74
Annual
$933
20-Year
$18,659
Energy Saving Tips for Tankless Water Heater (Electric) in Providence
- ✓Providence electricity rates are 118% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Tankless Water Heater (Electric) in Providence saves ~$187/year compared to standard models.
- ✓A smart Tankless Water Heater (Electric) with scheduling optimization can save ~$140/year at Providence 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 Providence saves approximately $187/year at local rates — $3,732 over the appliance lifetime.
Highest-Cost Appliances in Providence, RI
See which appliances cost the most to run at Providence's 28.4¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$3,681/yr
$306.72/mo
Electric Furnace
HVAC · 10,000W
$2,556/yr
$213.00/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$1,866/yr
$155.49/mo
EV Charger (Level 2)
Garage · 7,200W
$1,840/yr
$153.36/mo
Boiler (Electric)
HVAC · 6,000W
$1,534/yr
$127.80/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$1,399/yr
$116.62/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$1,399/yr
$116.62/mo
Heat Pump
HVAC · 2,400W
$1,091/yr
$90.88/mo
Tankless Water Heater (Electric) Cost in Other Rhode Island Cities
Tankless Water Heater (Electric) Energy Cost FAQ — Providence, RI
Understanding Tankless Water Heater (Electric) Energy Costs in Providence, RI
Providence is a mid-sized Rhode Island city where residential electricity rates from Rhode Island 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 Providence's rate of 28.4¢/kWh costs approximately $933 per year — $506 more than the national average of $427.
Electricity in Providence is significantly more expensive than the national average — 118% higher. For a Tankless Water Heater (Electric) used 0.5 hours per day, this rate premium adds up to $506 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 111, Providence is near the national median. The Tankless Water Heater (Electric)'s monthly cost of $77.74 represents a typical share of the average Providence electric bill of $141/month. Upgrading to an ENERGY STAR Tankless Water Heater (Electric) can cut energy use by up to 20%, saving approximately $187 per year at Providence rates.
Providence's moderate climate (avg 51.9°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. Providence 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 Providence.
Compare All Energy Costs in Providence
See energy costs for 178+ household appliances at Providence's local electricity rate.
Frequently Asked Questions
How much does it cost to run a Tankless Water Heater (Electric) in Providence, RI?
At Providence's average electricity rate of 28.4¢/kWh, a Tankless Water Heater (Electric) costs approximately $933 per year to run. That's about $77.74 per month with typical usage of 0.5 hours per day.
What is the electricity rate in Providence, RI?
The average residential electricity rate in Providence, RI is 28.4¢/kWh, which is 118% above the national average of 13.0¢/kWh. The primary utility provider is Rhode Island Energy.
How much electricity does a Tankless Water Heater (Electric) use per year?
A Tankless Water Heater (Electric) uses approximately 18,000 watts and consumes about 3,285 kWh per year with typical usage of 0.5 hours/day for 365 days/year.
Is a Tankless Water Heater (Electric) expensive to run in Providence?
Compared to the national average cost of $427/year, running a Tankless Water Heater (Electric) in Providence costs $506 more per year due to higher local electricity rates.
How can I reduce my Tankless Water Heater (Electric) energy cost in Providence?
To reduce Tankless Water Heater (Electric) costs in Providence: Provides hot water on demand with no standby loss. Flush annually to remove scale. Upgrading to an ENERGY STAR model saves up to 20% on energy costs. Also check with Rhode Island Energy for local energy efficiency rebates and programs.