Water Heater (Tank Electric) in Richmond — $748/yr to Run (15.2¢/kWh)
Your water heater (tank electric) in Richmond costs about $62/month at 15.2¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Richmond, VA Electricity Rate
15.2¢/kWh
Utility: Dominion Energy Virginia
+17% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.05
13.5 kWh/day
Monthly Cost
$62.33
411 kWh/mo
Annual Cost
$748
4,928 kWh/yr
Lifetime (12yr)
$8,976
energy only
Monthly Cost Breakdown in Richmond
| Period | kWh | Richmond Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $2.05 | $1.76 | +$0.29 |
| Weekly | 94.5 | $14.35 | $12.29 | +$2.06 |
| Monthly | 410.6 | $62.33 | $53.38 | +$8.95 |
| Quarterly | 1231.9 | $187.00 | $160.14 | +$26.85 |
| Annual | 4927.5 | $747.99 | $640.58 | +$107.42 |
Customize Your Water Heater (Tank Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Richmond.
Daily
$2.05
Monthly
$62.33
Annual
$748
12-Year
$8,976
Energy Saving Tips for Water Heater (Tank Electric) in Richmond
- ✓Richmond electricity rates are 17% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Water Heater (Tank Electric) in Richmond saves ~$NaN/year compared to standard models.
- ✓A smart Water Heater (Tank Electric) with scheduling optimization can save ~$37/year at Richmond 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 Richmond saves approximately $NaN/year at local rates — $NaN over the appliance lifetime.
Highest-Cost Appliances in Richmond, VA
See which appliances cost the most to run at Richmond's 15.2¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,967/yr
$163.94/mo
Electric Furnace
HVAC · 10,000W
$1,366/yr
$113.85/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$997/yr
$83.11/mo
EV Charger (Level 2)
Garage · 7,200W
$984/yr
$81.97/mo
Boiler (Electric)
HVAC · 6,000W
$820/yr
$68.31/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$748/yr
$62.33/mo
Heat Pump
HVAC · 2,400W
$583/yr
$48.58/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$546/yr
$45.54/mo
Water Heater (Tank Electric) Cost in Other Virginia Cities
| City | Rate | Annual Cost | vs Richmond |
|---|---|---|---|
| Richmond (current) | 15.2¢ | $748 | — |
| Virginia Beach | 15.2¢ | $748 | — |
| Chesapeake | 13.1¢ | $646 | $-102 |
| Arlington | 13.7¢ | $677 | $-71 |
| Norfolk | 13.6¢ | $669 | $-79 |
| Newport News | 14.0¢ | $691 | $-57 |
| Alexandria | 12.8¢ | $631 | $-117 |
| Hampton | 13.7¢ | $677 | $-71 |
| Roanoke | 13.6¢ | $672 | $-76 |
Water Heater (Tank Electric) Energy Cost FAQ — Richmond, VA
Understanding Water Heater (Tank Electric) Energy Costs in Richmond, VA
Richmond is a mid-sized Virginia city where residential electricity rates from Dominion Energy Virginia are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Water Heater (Tank Electric) (4,500W) at Richmond's rate of 15.2¢/kWh costs approximately $748 per year — $107 more than the national average of $641.
Richmond rates are 17% above the national average — a modest premium that adds $107 per year to Water Heater (Tank Electric) operating costs. Over the appliance's 12-year lifespan, that's $1,289 in cumulative extra spending versus the national average.
With a cost of living index of 108, Richmond is near the national median. The Water Heater (Tank Electric)'s monthly cost of $62.33 represents a typical share of the average Richmond electric bill of $146/month. Upgrading to an ENERGY STAR Water Heater (Tank Electric) can cut energy use by up to undefined%, saving approximately $NaN per year at Richmond rates.
Richmond's moderate climate (avg 67.9°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. Richmond 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 Richmond.
Compare All Energy Costs in Richmond
See energy costs for 178+ household appliances at Richmond's local electricity rate.
Frequently Asked Questions
How much does it cost to run a Water Heater (Tank Electric) in Richmond, VA?
At Richmond's average electricity rate of 15.2¢/kWh, a Water Heater (Tank Electric) costs approximately $748 per year to run. That's about $62.33 per month with typical usage of 3 hours per day.
What is the electricity rate in Richmond, VA?
The average residential electricity rate in Richmond, VA is 15.2¢/kWh, which is 17% above the national average of 13.0¢/kWh. The primary utility provider is Dominion Energy Virginia.
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 Richmond?
Compared to the national average cost of $641/year, running a Water Heater (Tank Electric) in Richmond costs $107 more per year due to higher local electricity rates.
How can I reduce my Water Heater (Tank Electric) energy cost in Richmond?
To reduce Water Heater (Tank Electric) costs in Richmond: Lower temperature to 120F. Insulate tank with blanket. Upgrading to an ENERGY STAR model saves up to undefined% on energy costs. Also check with Dominion Energy Virginia for local energy efficiency rebates and programs.