Water Heater (Tank Electric) in Denver — $714/yr to Run (14.5¢/kWh)
Your water heater (tank electric) in Denver costs about $60/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
$1.96
13.5 kWh/day
Monthly Cost
$59.54
411 kWh/mo
Annual Cost
$714
4,928 kWh/yr
Lifetime (12yr)
$8,574
energy only
Monthly Cost Breakdown in Denver
| Period | kWh | Denver Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.96 | $1.76 | +$0.20 |
| Weekly | 94.5 | $13.70 | $12.29 | +$1.42 |
| Monthly | 410.6 | $59.54 | $53.38 | +$6.16 |
| Quarterly | 1231.9 | $178.62 | $160.14 | +$18.48 |
| Annual | 4927.5 | $714.49 | $640.58 | +$73.91 |
Customize Your Water Heater (Tank Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Denver.
Daily
$1.96
Monthly
$59.54
Annual
$714
12-Year
$8,574
Energy Saving Tips for Water Heater (Tank Electric) in Denver
- ✓Denver electricity rates are 12% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Water Heater (Tank Electric) in Denver saves ~$NaN/year compared to standard models.
- ✓A smart Water Heater (Tank Electric) with scheduling optimization can save ~$36/year at Denver rates.
- ✓Lower temperature to 120F
- ✓Insulate tank with blanket
- ✓Drain sediment twice yearly
ENERGY STAR Savings: Upgrading to an ENERGY STAR Water Heater (Tank Electric) in Denver saves approximately $NaN/year at local rates — $NaN 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
Heat Pump
HVAC · 2,400W
$557/yr
$46.40/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$522/yr
$43.50/mo
Water Heater (Tank Electric) Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Denver |
|---|---|---|---|
| Denver (current) | 14.5¢ | $714 | — |
| Colorado Springs | 13.7¢ | $675 | $-40 |
| Aurora | 15.4¢ | $757 | +$43 |
| Fort Collins | 13.7¢ | $674 | $-40 |
| Lakewood | 13.9¢ | $685 | $-29 |
| Thornton | 15.0¢ | $740 | +$25 |
| Arvada | 14.8¢ | $731 | +$17 |
| Westminster | 15.4¢ | $761 | +$46 |
| Pueblo | 14.8¢ | $731 | +$17 |
Water Heater (Tank Electric) Energy Cost FAQ — Denver, CO
Understanding Water Heater (Tank 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 Water Heater (Tank Electric) (4,500W) at Denver's rate of 14.5¢/kWh costs approximately $714 per year — $74 more than the national average of $641.
Denver rates are 12% above the national average — a modest premium that adds $74 per year to Water Heater (Tank Electric) operating costs. Over the appliance's 12-year lifespan, that's $887 in cumulative extra spending versus the national average.
With a cost of living index of 104, Denver is near the national median. The Water Heater (Tank Electric)'s monthly cost of $59.54 represents a typical share of the average Denver electric bill of $145/month. Upgrading to an ENERGY STAR Water Heater (Tank Electric) can cut energy use by up to undefined%, saving approximately $NaN per year at Denver rates.
Denver's moderate climate (avg 68.9°F) helps keep seasonal energy cost swings manageable for most appliances. A Water Heater (Tank Electric) produces approximately 3.5 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.