Cost to Run a Heat Pump in New Jersey
New Jersey's average residential electricity rate is 25.2¢/kWh as of July 2026 — the 43rd cheapest in the country, 38% above the U.S. average. At typical usage (8 hours/day), a heat pump here costs $184 per month.
Per hour
$0.76
at 1,000–5,000 W
Per day
$6.05
8 hours/day
Per month
$184
730 kWh
Per year
$2,208
8,760 kWh
By usage level in New Jersey
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (4 hrs/day) | $3.02 | $91.93 | $1,104 |
| Typical (8 hrs/day) | $6.05 | $184 | $2,208 |
| Heavy (16 hrs/day) | $12.10 | $368 | $4,415 |
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 25.2¢/kWh (July 2026), a heat pump with typical usage costs about $6.05 per day, $184 per month, or $2,208 per year.
Is running a heat pump in New Jersey more expensive than average?
Yes. New Jersey's electricity costs about 38% more than the U.S. average, so the same usage costs $184 per month here versus $134 nationally.
What does electricity cost in New Jersey right now?
New Jersey residents pay an average of 25.2¢ per kWh as of July 2026 — the 43rd cheapest rate of the 51 U.S. jurisdictions we track.