Cost to Run a Heat Pump Water Heater in New York
New York's average residential electricity rate is 29.5¢/kWh as of April 2026 — the 48th cheapest in the country, 57% above the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $26.90 per month.
Per hour
$0.29
at 400–1,500 W
Per day
$0.89
3 hours/day
Per month
$26.90
91 kWh
Per year
$323
1,095 kWh
By usage level in New York
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.44 | $13.45 | $162 |
| Typical (3 hrs/day) | $0.89 | $26.90 | $323 |
| Heavy (6 hrs/day) | $1.77 | $53.81 | $646 |
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 29.5¢/kWh (April 2026), a heat pump water heater with typical usage costs about $0.89 per day, $26.90 per month, or $323 per year.
Is running a heat pump water heater in New York more expensive than average?
Yes. New York's electricity costs about 57% more than the U.S. average, so the same usage costs $26.90 per month here versus $17.15 nationally.
What does electricity cost in New York right now?
New York residents pay an average of 29.5¢ per kWh as of April 2026 — the 48th cheapest rate of the 51 U.S. jurisdictions we track.