Cost to Run a Heat Pump in New Jersey
New Jersey's average residential electricity rate is 23.3¢/kWh as of May 2026 — the 39th cheapest in the country, 27% above the U.S. average. At typical usage (8 hours/day), a heat pump here costs $170 per month.
Per hour
$0.70
at 1,000–5,000 W
Per day
$5.59
8 hours/day
Per month
$170
730 kWh
Per year
$2,041
8,760 kWh
By usage level in New Jersey
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (4 hrs/day) | $2.80 | $85.00 | $1,021 |
| Typical (8 hrs/day) | $5.59 | $170 | $2,041 |
| Heavy (16 hrs/day) | $11.18 | $340 | $4,082 |
New Jersey 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 New Jersey?
At New Jersey's current average residential rate of 23.3¢/kWh (May 2026), a heat pump with typical usage costs about $5.59 per day, $170 per month, or $2,041 per year.
Is running a heat pump in New Jersey more expensive than average?
Yes. New Jersey's electricity costs about 27% more than the U.S. average, so the same usage costs $170 per month here versus $134 nationally.
What does electricity cost in New Jersey right now?
New Jersey residents pay an average of 23.3¢ per kWh as of May 2026 — the 39th cheapest rate of the 51 U.S. jurisdictions we track.