How Much Does It Cost to Run an Electric Tankless Water Heater in Hawaii? (2026)

Electric tankless heaters draw enormous power, 12 to 36 kW, but only while hot water is flowing. They avoid the standby losses of a tank, saving 10 to 30 percent for most households, but need heavy wiring.

A typical electric tankless water heater (18,000 W) costs $9.49 per hour, or about $156.58 per month at 0.55 hours a day in Hawaii. Expensive to run

Hours used per day
WattagePer hourPer dayPer monthPer year
Low 12,000 W$6.33$5.22$156.58$1,905
Typical 18,000 W$9.49$5.22$156.58$1,905
High 36,000 W$18.98$5.22$156.58$1,905

Formula: watts ÷ 1000 × hours × price per kWh. Typical use is 0.55 h/day ≈ 3,614 kWh per year. A more powerful model does the same job faster, so it uses the same energy: the cost per hour changes from row to row, the cost per day does not.

One hour of an electric tankless water heater (18.0 kWh) is the same electricity as

Electricity per year at typical use, on a log scale: #91 of 95 appliances, from least to most.

In Hawaii, with electricity at 52.7¢ per kWh (source: EIA Table 5.6.A, 2026-06), a typical electric tankless water heater costs $9.49 per hour and about $1,905 per year at 0.55 hours a day. That is about 187% more than the national average for the US ($54.47 per month), because electricity in Hawaii costs 52.7¢ per kWh against 18.3¢ nationally. Each $1.00 of electricity buys roughly 0.1 hours of use.

How to lower the cost of running an electric tankless water heater

In standby it draws about 2 W, which adds roughly 18 kWh ($9.24) per year if it is never unplugged.

Frequently asked questions

How much does a tankless water heater cost per month?

About 300 kWh a month for a family of four, roughly 10 to 30 percent less than a tank.

Do tankless heaters use a lot of electricity?

A lot at once, but for short periods. Total use is typically lower than a tank.

Do I need a panel upgrade for an electric tankless heater?

Often yes. Whole-house units need 100 amps or more of dedicated capacity.

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Related appliances

Use the generic electricity cost calculator · Which uses more? Take the quiz