Cost to Run a Heat Pump in Indiana
Indiana's average residential electricity rate is 18.2¢/kWh as of May 2026 — the 32nd cheapest in the country, 1% below the U.S. average. At typical usage (8 hours/day), a heat pump here costs $133 per month.
Per hour
$0.55
at 1,000–5,000 W
Per day
$4.37
8 hours/day
Per month
$133
730 kWh
Per year
$1,594
8,760 kWh
By usage level in Indiana
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (4 hrs/day) | $2.18 | $66.39 | $797 |
| Typical (8 hrs/day) | $4.37 | $133 | $1,594 |
| Heavy (16 hrs/day) | $8.74 | $266 | $3,189 |
Indiana vs. the rest of the country
Monthly cost at typical usage.
Indiana $133
Midwest average $125
U.S. average $134
Frequently asked questions
How much does it cost to run a heat pump in Indiana?
At Indiana's current average residential rate of 18.2¢/kWh (May 2026), a heat pump with typical usage costs about $4.37 per day, $133 per month, or $1,594 per year.
Is running a heat pump in Indiana more expensive than average?
It's almost exactly the U.S. average: $133 per month here versus $134 nationally.
What does electricity cost in Indiana right now?
Indiana residents pay an average of 18.2¢ per kWh as of May 2026 — the 32nd cheapest rate of the 51 U.S. jurisdictions we track.
Heat Pump costs in nearby states
What else costs to run in Indiana
Electric Furnace $332/mo Central Air Conditioner $155/mo Pool Heater (Heat Pump) $111/mo Garage Heater $82.99/mo Electric Water Heater $72.20/mo Tankless Electric Water Heater $69.71/mo Space Heater $66.39/mo Baseboard Heater $66.39/mo Oil-Filled Radiator Heater $66.39/mo Pool Pump $66.39/mo EV Charging (Level 2, Home) $55.33/mo Infrared Heater $53.11/mo