Cost to Run a Heat Pump Water Heater in Indiana
Indiana's average residential electricity rate is 18.2¢/kWh as of May 2026 — the 32nd cheapest in the country, 1% below the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $16.60 per month.
Per hour
$0.18
at 400–1,500 W
Per day
$0.55
3 hours/day
Per month
$16.60
91 kWh
Per year
$199
1,095 kWh
By usage level in Indiana
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.27 | $8.30 | $99.64 |
| Typical (3 hrs/day) | $0.55 | $16.60 | $199 |
| Heavy (6 hrs/day) | $1.09 | $33.20 | $399 |
Indiana vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a heat pump water heater in Indiana?
At Indiana's current average residential rate of 18.2¢/kWh (May 2026), a heat pump water heater with typical usage costs about $0.55 per day, $16.60 per month, or $199 per year.
Is running a heat pump water heater in Indiana more expensive than average?
It's almost exactly the U.S. average: $16.60 per month here versus $16.78 nationally.
What does electricity cost in Indiana right now?
Indiana residents pay an average of 18.2¢ per kWh as of May 2026 — the 32nd cheapest rate of the 51 U.S. jurisdictions we track.