Cost to Run a Heat Pump Water Heater in New York
New York's average residential electricity rate is 29.9¢/kWh as of May 2026 — the 49th cheapest in the country, 63% above the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $27.27 per month.
Per hour
$0.30
at 400–1,500 W
Per day
$0.90
3 hours/day
Per month
$27.27
91 kWh
Per year
$327
1,095 kWh
By usage level in New York
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.45 | $13.63 | $164 |
| Typical (3 hrs/day) | $0.90 | $27.27 | $327 |
| Heavy (6 hrs/day) | $1.79 | $54.54 | $655 |
New York 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 New York?
At New York's current average residential rate of 29.9¢/kWh (May 2026), a heat pump water heater with typical usage costs about $0.90 per day, $27.27 per month, or $327 per year.
Is running a heat pump water heater in New York more expensive than average?
Yes. New York's electricity costs about 63% more than the U.S. average, so the same usage costs $27.27 per month here versus $16.78 nationally.
What does electricity cost in New York right now?
New York residents pay an average of 29.9¢ per kWh as of May 2026 — the 49th cheapest rate of the 51 U.S. jurisdictions we track.