Cost to Run a Heat Pump Water Heater in Indiana
Indiana's average residential electricity rate is 17.9¢/kWh as of April 2026 — the 32nd cheapest in the country, 5% below the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $16.32 per month.
Per hour
$0.18
at 400–1,500 W
Per day
$0.54
3 hours/day
Per month
$16.32
91 kWh
Per year
$196
1,095 kWh
By usage level in Indiana
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.27 | $8.16 | $98.00 |
| Typical (3 hrs/day) | $0.54 | $16.32 | $196 |
| Heavy (6 hrs/day) | $1.07 | $32.65 | $392 |
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 17.9¢/kWh (April 2026), a heat pump water heater with typical usage costs about $0.54 per day, $16.32 per month, or $196 per year.
Is running a heat pump water heater in Indiana more expensive than average?
No — it's cheaper. Indiana's rate is about 5% below the U.S. average: $16.32 per month here versus $17.15 nationally.
What does electricity cost in Indiana right now?
Indiana residents pay an average of 17.9¢ per kWh as of April 2026 — the 32nd cheapest rate of the 51 U.S. jurisdictions we track.