Water Heater (Tank Electric) in Lakewood — $685/yr to Run (13.9¢/kWh)
Your water heater (tank electric) in Lakewood costs about $57/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
$1.88
13.5 kWh/day
Monthly Cost
$57.12
411 kWh/mo
Annual Cost
$685
4,928 kWh/yr
Lifetime (12yr)
$8,225
energy only
Monthly Cost Breakdown in Lakewood
| Period | kWh | Lakewood Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.88 | $1.76 | +$0.12 |
| Weekly | 94.5 | $13.14 | $12.29 | +$0.86 |
| Monthly | 410.6 | $57.12 | $53.38 | +$3.74 |
| Quarterly | 1231.9 | $171.35 | $160.14 | +$11.21 |
| Annual | 4927.5 | $685.42 | $640.58 | +$44.84 |
Customize Your Water Heater (Tank Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Lakewood.
Daily
$1.88
Monthly
$57.12
Annual
$685
12-Year
$8,225
Energy Saving Tips for Water Heater (Tank Electric) in Lakewood
- ✓Lakewood electricity rates are 7% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Water Heater (Tank Electric) in Lakewood saves ~$NaN/year compared to standard models.
- ✓A smart Water Heater (Tank Electric) with scheduling optimization can save ~$34/year at Lakewood 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 Lakewood saves approximately $NaN/year at local rates — $NaN 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
Heat Pump
HVAC · 2,400W
$534/yr
$44.51/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$501/yr
$41.73/mo
Water Heater (Tank Electric) Cost in Other Colorado Cities
| City | Rate | Annual Cost | vs Lakewood |
|---|---|---|---|
| Lakewood (current) | 13.9¢ | $685 | — |
| Denver | 14.5¢ | $714 | +$29 |
| Colorado Springs | 13.7¢ | $675 | $-11 |
| Aurora | 15.4¢ | $757 | +$72 |
| Fort Collins | 13.7¢ | $674 | $-11 |
| Thornton | 15.0¢ | $740 | +$54 |
| Arvada | 14.8¢ | $731 | +$46 |
| Westminster | 15.4¢ | $761 | +$75 |
| Pueblo | 14.8¢ | $731 | +$46 |
Water Heater (Tank Electric) Energy Cost FAQ — Lakewood, CO
Understanding Water Heater (Tank 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 Water Heater (Tank Electric) (4,500W) at Lakewood's rate of 13.9¢/kWh costs approximately $685 per year — $45 more than the national average of $641.
Lakewood rates are 7% above the national average — a modest premium that adds $45 per year to Water Heater (Tank Electric) operating costs. Over the appliance's 12-year lifespan, that's $538 in cumulative extra spending versus the national average.
With a cost of living index of 104, Lakewood is near the national median. The Water Heater (Tank Electric)'s monthly cost of $57.12 represents a typical share of the average Lakewood electric bill of $128/month. Upgrading to an ENERGY STAR Water Heater (Tank Electric) can cut energy use by up to undefined%, saving approximately $NaN 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 Water Heater (Tank Electric) produces approximately 3.5 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.