Cost to Run a Tankless Electric Water Heater in Indiana
Indiana's average residential electricity rate is 17.9¢/kWh as of April 2026 — the 32nd cheapest in the country, 5% below the U.S. average. At typical usage (0.7 hours/day), a tankless electric water heater here costs $68.56 per month.
Per hour
$3.22
at 13,000–27,000 W
Per day
$2.26
0.7 hours/day
Per month
$68.56
383 kWh
Per year
$823
4,599 kWh
By usage level in Indiana
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (0.5 hrs/day) | $1.13 | $34.28 | $412 |
| Typical (0.7 hrs/day) | $2.26 | $68.56 | $823 |
| Heavy (1.4 hrs/day) | $4.51 | $137 | $1,646 |
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 17.9¢/kWh (April 2026), a tankless electric water heater with typical usage costs about $2.26 per day, $68.56 per month, or $823 per year.
Is running a tankless electric water heater in Indiana more expensive than average?
No — it's cheaper. Indiana's rate is about 5% below the U.S. average: $68.56 per month here versus $72.01 nationally.
What does electricity cost in Indiana right now?
Indiana residents pay an average of 17.9¢ per kWh as of April 2026 — the 32nd cheapest rate of the 51 U.S. jurisdictions we track.