Cost to Run a Tankless Electric Water Heater 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 (0.7 hours/day), a tankless electric water heater here costs $69.71 per month.
Per hour
$3.28
at 13,000–27,000 W
Per day
$2.29
0.7 hours/day
Per month
$69.71
383 kWh
Per year
$837
4,599 kWh
By usage level in Indiana
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (0.5 hrs/day) | $1.15 | $34.86 | $419 |
| Typical (0.7 hrs/day) | $2.29 | $69.71 | $837 |
| Heavy (1.4 hrs/day) | $4.59 | $139 | $1,674 |
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 18.2¢/kWh (May 2026), a tankless electric water heater with typical usage costs about $2.29 per day, $69.71 per month, or $837 per year.
Is running a tankless electric water heater in Indiana more expensive than average?
It's almost exactly the U.S. average: $69.71 per month here versus $70.48 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.