Cost to Run a Heat Pump in Colorado
Colorado's average residential electricity rate is 17¢/kWh as of July 2026 — the 30th cheapest in the country, 7% below the U.S. average. At typical usage (8 hours/day), a heat pump here costs $124 per month.
Per hour
$0.51
at 1,000–5,000 W
Per day
$4.08
8 hours/day
Per month
$124
730 kWh
Per year
$1,489
8,760 kWh
By usage level in Colorado
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (4 hrs/day) | $2.04 | $62.02 | $745 |
| Typical (8 hrs/day) | $4.08 | $124 | $1,489 |
| Heavy (16 hrs/day) | $8.16 | $248 | $2,978 |
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 17¢/kWh (July 2026), a heat pump with typical usage costs about $4.08 per day, $124 per month, or $1,489 per year.
Is running a heat pump in Colorado more expensive than average?
No — it's cheaper. Colorado's rate is about 7% below the U.S. average: $124 per month here versus $134 nationally.
What does electricity cost in Colorado right now?
Colorado residents pay an average of 17¢ per kWh as of July 2026 — the 30th cheapest rate of the 51 U.S. jurisdictions we track.