Cost to Run a Tankless Electric Water Heater in Indiana
Indiana's average residential electricity rate is 16.7¢/kWh as of July 2026 — the 29th cheapest in the country, 9% below the U.S. average. At typical usage (0.7 hours/day), a tankless electric water heater here costs $63.97 per month.
Per hour
$3.01
at 13,000–27,000 W
Per day
$2.10
0.7 hours/day
Per month
$63.97
383 kWh
Per year
$768
4,599 kWh
By usage level in Indiana
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (0.5 hrs/day) | $1.05 | $31.98 | $384 |
| Typical (0.7 hrs/day) | $2.10 | $63.97 | $768 |
| Heavy (1.4 hrs/day) | $4.21 | $128 | $1,536 |
Indiana vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a tankless electric water heater in Indiana?
At Indiana's current average residential rate of 16.7¢/kWh (July 2026), a tankless electric water heater with typical usage costs about $2.10 per day, $63.97 per month, or $768 per year.
Is running a tankless electric water heater in Indiana more expensive than average?
No — it's cheaper. Indiana's rate is about 9% below the U.S. average: $63.97 per month here versus $70.10 nationally.
What does electricity cost in Indiana right now?
Indiana residents pay an average of 16.7¢ per kWh as of July 2026 — the 29th cheapest rate of the 51 U.S. jurisdictions we track.