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 |
Methodology & Energy Data Sources for Lakewood
How we calculate water heater (tank electric) energy costs in Lakewood, CO: Cost estimates use the standard formula: Annual Cost = (Wattage ÷ 1000) × Hours per Day × Days per Year × Local kWh Rate. We model regional electricity rate variation using EIA monthly data, which captures rate differences between investor-owned utilities, municipal providers, and rural electric cooperatives.
- Appliance wattage sourced from ENERGY STAR product database, manufacturer spec sheets, and DOE residential appliance test data.
- Local kWh rate for Lakewood reflects Colorado averages from EIA Form 861 (utility sales data). Rates vary by season (typically 10-20% summer premium) and time-of-use in many Colorado utilities.
- Usage patterns derived from RECS (Residential Energy Consumption Survey), EIA's official survey of US household energy use.
- Carbon footprint calculated using EPA eGRID emissions factors specific to your regional grid mix in Colorado.
Authoritative US energy data sources:
- EIA Electric Power Monthly — official US electricity rate data by state
- EIA Residential Energy Consumption Survey (RECS) — household appliance usage patterns
- ENERGY STAR Product Finder — efficiency ratings for water heater (tank electric)s
- DOE Energy Saver — Electricity — official tips and appliance comparison
- EPA eGRID — Regional Emissions — carbon intensity by grid region
- EIA State Energy Profiles — Colorado — generation mix, prices, and consumption
Disclaimer: Energy costs are estimates based on average appliance usage and Colorado state-level kWh rates. Your actual costs depend on your specific utility provider, rate plan (flat, time-of-use, demand), local fees, taxes, and renewable energy credits. Check your utility bill for exact rates. For energy efficiency upgrades, consult your local utility's rebate programs and federal tax credits via ENERGY STAR Federal Tax Credits.
Reviewed by Brazora Monk · Last updated 2026 · EIA data current as of latest monthly release
Find Your Utility, Rate Plan & Incentives in Lakewood
The Colorado state-average kWh rate shown above is a baseline — your actual cost depends on your specific utility provider, rate plan, and time-of-use schedule. Plus you may be missing rebates that pay for ENERGY STAR replacements:
Each utility has its own rate plans (flat, TOU, demand):
- • EIA — Find Your Utility (by ZIP)
- • EIA Colorado State Profile
- • Time-of-use can save 20-40% if you shift heavy use to off-peak
Inflation Reduction Act provides ongoing credits:
- • ENERGY STAR Federal Tax Credits
- • 30% on solar/battery storage through 2032
- • Up to $2,000 heat pump credit annually
- • DOE — Federal Rebate Programs
State + utility-specific rebates stack with federal:
- • DSIRE — Colorado Incentive Database
- • DOE State Energy Program
- • Many utilities offer $50-500 rebates on ENERGY STAR appliances
Replace efficient = save 25-50% kWh:
NABCEP-certified installers for solar/battery: NABCEP Certified Professionals Directory. Required for many state incentives.
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 178+ household appliances at Lakewood's local electricity rate.
Frequently Asked Questions
How much does it cost to run a Water Heater (Tank Electric) in Lakewood, CO?
At Lakewood's average electricity rate of 13.9¢/kWh, a Water Heater (Tank Electric) costs approximately $685 per year to run. That's about $57.12 per month with typical usage of 3 hours per day.
What is the electricity rate in Lakewood, CO?
The average residential electricity rate in Lakewood, CO is 13.9¢/kWh, which is 7% above the national average of 13.0¢/kWh. The primary utility provider is Xcel Energy.
How much electricity does a Water Heater (Tank Electric) use per year?
A Water Heater (Tank Electric) uses approximately 4,500 watts and consumes about 4,928 kWh per year with typical usage of 3 hours/day for 365 days/year.
Is a Water Heater (Tank Electric) expensive to run in Lakewood?
Compared to the national average cost of $641/year, running a Water Heater (Tank Electric) in Lakewood costs $45 more per year due to higher local electricity rates.
How can I reduce my Water Heater (Tank Electric) energy cost in Lakewood?
To reduce Water Heater (Tank Electric) costs in Lakewood: Lower temperature to 120F. Insulate tank with blanket. Upgrading to an ENERGY STAR model saves up to undefined% on energy costs. Also check with Xcel Energy for local energy efficiency rebates and programs.