Cost to Run a Tankless Water Heater
An on-demand electric tankless water heater
Wattage
7,000W
Daily Usage
1h
Monthly Cost*
$36.16
Annual Cost*
$439.97
* At national average rate of 17.22¢/kWh
Cost to Run Tankless Water Heater by State
From cheapest (Idaho: $23.42/mo) to most expensive (Hawaii: $90.68/mo).
| # | State | Rate | Monthly | Annual |
|---|---|---|---|---|
| 1 | Idaho | 11.15¢ | $23.42 | $284.88 |
| 2 | Washington | 11.26¢ | $23.65 | $287.69 |
| 3 | Utah | 11.41¢ | $23.96 | $291.53 |
| 4 | Wyoming | 11.72¢ | $24.61 | $299.45 |
| 5 | North Dakota | 12.43¢ | $26.10 | $317.59 |
| 6 | Louisiana | 12.52¢ | $26.29 | $319.89 |
| 7 | Oregon | 12.55¢ | $26.36 | $320.65 |
| 8 | Montana | 12.81¢ | $26.90 | $327.30 |
| 9 | Oklahoma | 12.82¢ | $26.92 | $327.55 |
| 10 | Tennessee | 12.91¢ | $27.11 | $329.85 |
| 11 | Arkansas | 13.04¢ | $27.38 | $333.17 |
| 12 | Nebraska | 13.08¢ | $27.47 | $334.19 |
| 13 | Kentucky | 13.19¢ | $27.70 | $337.00 |
| 14 | West Virginia | 13.44¢ | $28.22 | $343.39 |
| 15 | Mississippi | 13.54¢ | $28.43 | $345.95 |
| 16 | South Dakota | 13.74¢ | $28.85 | $351.06 |
| 17 | Missouri | 13.78¢ | $28.94 | $352.08 |
| 18 | North Carolina | 14.09¢ | $29.59 | $360.00 |
| 19 | Georgia | 14.27¢ | $29.97 | $364.60 |
| 20 | South Carolina | 14.43¢ | $30.30 | $368.69 |
| 21 | Virginia | 14.64¢ | $30.74 | $374.05 |
| 22 | Arizona | 14.78¢ | $31.04 | $377.63 |
| 23 | Alabama | 14.87¢ | $31.23 | $379.93 |
| 24 | Nevada | 14.92¢ | $31.33 | $381.21 |
| 25 | Delaware | 14.94¢ | $31.37 | $381.72 |
| 26 | Texas | 15.06¢ | $31.63 | $384.78 |
| 27 | Iowa | 15.14¢ | $31.79 | $386.83 |
| 28 | Ohio | 15.21¢ | $31.94 | $388.62 |
| 29 | Kansas | 15.28¢ | $32.09 | $390.40 |
| 30 | New Mexico | 15.34¢ | $32.21 | $391.94 |
| 31 | Indiana | 15.42¢ | $32.38 | $393.98 |
| 32 | Colorado | 15.56¢ | $32.68 | $397.56 |
| 33 | Minnesota | 15.63¢ | $32.82 | $399.35 |
| 34 | Florida | 16.22¢ | $34.06 | $414.42 |
| 35 | Illinois | 16.27¢ | $34.17 | $415.70 |
| 36 | Maryland | 16.57¢ | $34.80 | $423.36 |
| 37 | Wisconsin | 17.38¢ | $36.50 | $444.06 |
| 38 | Pennsylvania | 18.36¢ | $38.56 | $469.10 |
| 39 | New Jersey | 18.48¢ | $38.81 | $472.16 |
| 40 | Michigan | 19.34¢ | $40.61 | $494.14 |
| 41 | Vermont | 21.43¢ | $45.00 | $547.54 |
| 42 | Alaska | 24.21¢ | $50.84 | $618.57 |
| 43 | New York | 24.33¢ | $51.09 | $621.63 |
| 44 | New Hampshire | 25.78¢ | $54.14 | $658.68 |
| 45 | Maine | 26.37¢ | $55.38 | $673.75 |
| 46 | Rhode Island | 28.08¢ | $58.97 | $717.44 |
| 47 | Massachusetts | 28.58¢ | $60.02 | $730.22 |
| 48 | Connecticut | 29.98¢ | $62.96 | $765.99 |
| 49 | California | 31.22¢ | $65.56 | $797.67 |
| 50 | Hawaii | 43.18¢ | $90.68 | $1,103.25 |
Energy Saving Tips for Tankless Water Heater
- Lower your thermostat by 7-10F for 8 hours a day to save up to 10% on heating costs.
- Use a programmable or smart thermostat to automatically adjust temperatures.
- Seal air leaks around windows, doors, and ductwork.
- Use space heaters to heat only occupied rooms rather than the entire house.
- Ensure proper insulation in attics, walls, and floors.
- Consider upgrading to a heat pump for greater efficiency.
Related Heating Appliances
Frequently Asked Questions
How much electricity does a Tankless Water Heater use?
A typical Tankless Water Heater uses 7000 watts and runs about 1 hours per day, consuming 7.00 kWh daily.
How much does it cost to run a Tankless Water Heater per month?
At the national average electricity rate of 17.22¢/kWh, running a Tankless Water Heater costs approximately $36.16 per month.
Where is it cheapest to run a Tankless Water Heater?
Idaho has the lowest cost at $23.42/month, while Hawaii is the most expensive at $90.68/month.
Was this data helpful?
Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)