GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Electric Water Heater Per Month

The average cost of operating an electric water heater per month is typically between $30 to $50, depending on usage and efficiency.

Statistic 1

"The average cost to operate an electric water heater in the U.S. is approximately $30-$60 per month."

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Statistic 2

"The efficiency of an electric water heater can impact its monthly operating costs, with high-efficiency models costing less to operate."

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Statistic 3

"On average, heating water represents the second largest segment of a household’s energy expenses."

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Statistic 4

"Using a timer to limit the operation hours of your electric water heater can reduce costs by up to 12%."

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Statistic 5

"Showering with a low-flow showerhead can reduce water heating costs by about $12-23 per month."

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Statistic 6

"Electric Heat Pump Water Heaters can save around $250-$300 annually on utility bills compared to traditional electric models."

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Statistic 7

"The cost difference between using a tank versus a tankless electric water heater can vary significantly on a monthly basis, with tankless models usually costing less."

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Statistic 8

"Setting your thermostat to 120°F instead of the typical 140°F can save up to 10% in water heating costs."

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Statistic 9

"Maintenance and timely replacement of heating elements can reduce energy consumption and monthly costs by 5-10%."

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Statistic 10

"Smart water heaters that can learn usage patterns and adjust heating schedules can reduce monthly costs by up to 15%."

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Statistic 11

"Off-peak electric water heating rates can be 30-50% lower than peak rates, potentially reducing monthly bills."

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Statistic 12

"Regular maintenance, such as flushing the tank annually, can maintain efficiency and lower monthly costs."

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Statistic 13

"A household of four on average spends $64 per month on water heating using an electric tank water heater compared to $48 with a gas model."

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Statistic 14

"Electric water heaters with a high Energy Factor (EF) are more cost-effective, costing around 20% less to operate monthly than those with a low EF."

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Statistic 15

"Insulating your water heater can save you up to 16% annually on your water heating costs."

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Statistic 16

"Utilizing energy-efficient settings on electric water heaters can reduce monthly costs by up to 10%."

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Statistic 17

"The average lifespan of an electric water heater is about 10-15 years, affecting long-term operational costs."

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Statistic 18

"Usage patterns significantly affect monthly costs, with higher frequency of showers, baths, or heavy hot water usage increasing bills."

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Statistic 19

"Older electric water heaters (10 years or more) can cost up to 30% more to operate monthly compared to newer, energy-efficient models."

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Statistic 20

"Electric water heaters typically account for about 14-18% of a household's total utility bill."

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