Cost to Run a Electric Water Heater (50-gallon tank) in Kentucky

At Kentucky’s April 2026 average residential rate of 15.02¢/kWh, a typical electric water heater costs about $61.72 per month — or $740 per year.

💡 Quick fix: A heat pump water heater uses 60-70% less electricity for the same hot water.See top heat pump water heater →
Per hour$0.6759
Per day$2.03
Per month$61.72
Per year$740

Uses 13.5 kWh/day · 4928 kWh/year.

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Formula: cost = watts × duty × hours/day × days/year × rate / 100 / 1000

About this appliance

A standard 50-gallon electric tank water heater for a household of 2-4.

This page uses Kentucky’s residential average electricity price. Kentucky households pay 20% less than the U.S. average of 18.83¢/kWh, so running the same electric water heater in Kentucky costs about $740/year, compared with the U.S. typical of $928/year.

Electric Water Heater cost across other states

StateRate (¢/kWh)Yearly cost
North Dakota12.35$609
Idaho12.70$626
Nebraska13.28$654
Utah13.29$655
Oklahoma13.31$656
Iowa13.86$683
Montana13.90$685
Missouri14.01$690
Arkansas14.16$698
Nevada14.29$704
Washington14.36$708
Kentucky15.02$740

How to lower the cost of your electric water heater in Kentucky

  • Lower the tank temperature to 120°F. Most are factory-set at 140°F. Going to 120°F cuts standby losses 6–10%.
  • Add a tank insulation blanket (R-10+). Cuts standby losses by another 25–45% on uninsulated tanks.
  • Consider a heat-pump water heater. Uses 60–70% less electricity than a resistive tank — in Kentucky that's roughly $444/year saved.

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FAQ

How accurate is this estimate?

The calculation is exact for the given inputs. Real-world variation comes from your utility’s actual rate (which varies by plan and time-of-day), your specific appliance’s efficiency, and your usage pattern. Use the customize box above to plug in your own numbers.

Where does the 15.02¢/kWh come from?

It is the Kentucky residential average from the U.S. Energy Information Administration’s Electric Power Monthly, Table 5.6.A (April 2026). See the methodology page.

How can I lower this cost?

Three high-impact moves: (1) shift heavy usage to off-peak hours if your utility offers time-of-use pricing; (2) switch to a more efficient unit (Energy Star); (3) reduce hours of use. For appliances with always-on standby draw, an inexpensive plug-in Kill-A-Watt meter often pays for itself by revealing surprise loads.