Cost to Run a Heat Pump in Colorado
Colorado's average residential electricity rate is 16.5¢/kWh as of April 2026 — the 26th cheapest in the country, 12% below the U.S. average. At typical usage (8 hours/day), a heat pump here costs $120 per month.
Per hour
$0.49
at 1,000–5,000 W
Per day
$3.96
8 hours/day
Per month
$120
730 kWh
Per year
$1,445
8,760 kWh
By usage level in Colorado
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (4 hrs/day) | $1.98 | $60.19 | $723 |
| Typical (8 hrs/day) | $3.96 | $120 | $1,445 |
| Heavy (16 hrs/day) | $7.92 | $241 | $2,891 |
Colorado vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a heat pump in Colorado?
At Colorado's current average residential rate of 16.5¢/kWh (April 2026), a heat pump with typical usage costs about $3.96 per day, $120 per month, or $1,445 per year.
Is running a heat pump in Colorado more expensive than average?
No — it's cheaper. Colorado's rate is about 12% below the U.S. average: $120 per month here versus $137 nationally.
What does electricity cost in Colorado right now?
Colorado residents pay an average of 16.5¢ per kWh as of April 2026 — the 26th cheapest rate of the 51 U.S. jurisdictions we track.