Cost to Run Heat Pump in Indiana (2026)
At Indiana's average rate of 15.42¢/kWh, running a Heat Pump costs $111.02/month or $1,350.79/year. That's 10.5% less than the national average of $123.98/month.
Monthly Cost
$111.02
in Indiana
Yearly Cost
$1,350.79
in Indiana
State Rate
15.42¢
per kWh
National Rank
#31
of 50 states
Heat Pump Energy Usage
| Wattage | 3,000 watts |
| Typical Daily Use | 8 hours/day |
| Daily kWh | 24.00 kWh |
| Monthly kWh | 720.0 kWh |
| Category | Heating |
Indiana vs National Average: Heat Pump Costs
| Metric | Indiana | National Avg | Difference |
|---|---|---|---|
| Electricity Rate | 15.42¢/kWh | 17.22¢/kWh | -1.80¢ |
| Monthly Heat Pump Cost | $111.02 | $123.98 | $-12.96 |
| Yearly Heat Pump Cost | $1,350.79 | $1,508.47 | $-157.68 |
Heat Pump Cost in Neighboring States
How does running a Heat Pump in Indiana compare to nearby states?
Heat Pump Cost: All 50 States Ranked
Indiana ranks #31 out of 50 for Heat Pump running costs (1 = cheapest).
| # | State | Rate | Monthly | Yearly |
|---|---|---|---|---|
| 1 | Idaho | 11.15¢ | $80.28 | $976.74 |
| 2 | Washington | 11.26¢ | $81.07 | $986.38 |
| 3 | Utah | 11.41¢ | $82.15 | $999.52 |
| 4 | Wyoming | 11.72¢ | $84.38 | $1,026.67 |
| 5 | North Dakota | 12.43¢ | $89.50 | $1,088.87 |
| 6 | Louisiana | 12.52¢ | $90.14 | $1,096.75 |
| 7 | Oregon | 12.55¢ | $90.36 | $1,099.38 |
| 8 | Montana | 12.81¢ | $92.23 | $1,122.16 |
| 9 | Oklahoma | 12.82¢ | $92.30 | $1,123.03 |
| 10 | Tennessee | 12.91¢ | $92.95 | $1,130.92 |
| 11 | Arkansas | 13.04¢ | $93.89 | $1,142.30 |
| 12 | Nebraska | 13.08¢ | $94.18 | $1,145.81 |
| 13 | Kentucky | 13.19¢ | $94.97 | $1,155.44 |
| 14 | West Virginia | 13.44¢ | $96.77 | $1,177.34 |
| 15 | Mississippi | 13.54¢ | $97.49 | $1,186.10 |
| 16 | South Dakota | 13.74¢ | $98.93 | $1,203.62 |
| 17 | Missouri | 13.78¢ | $99.22 | $1,207.13 |
| 18 | North Carolina | 14.09¢ | $101.45 | $1,234.28 |
| 19 | Georgia | 14.27¢ | $102.74 | $1,250.05 |
| 20 | South Carolina | 14.43¢ | $103.90 | $1,264.07 |
| 21 | Virginia | 14.64¢ | $105.41 | $1,282.46 |
| 22 | Arizona | 14.78¢ | $106.42 | $1,294.73 |
| 23 | Alabama | 14.87¢ | $107.06 | $1,302.61 |
| 24 | Nevada | 14.92¢ | $107.42 | $1,306.99 |
| 25 | Delaware | 14.94¢ | $107.57 | $1,308.74 |
| 26 | Texas | 15.06¢ | $108.43 | $1,319.26 |
| 27 | Iowa | 15.14¢ | $109.01 | $1,326.26 |
| 28 | Ohio | 15.21¢ | $109.51 | $1,332.40 |
| 29 | Kansas | 15.28¢ | $110.02 | $1,338.53 |
| 30 | New Mexico | 15.34¢ | $110.45 | $1,343.78 |
| 31 | Indiana | 15.42¢ | $111.02 | $1,350.79 |
| 32 | Colorado | 15.56¢ | $112.03 | $1,363.06 |
| 33 | Minnesota | 15.63¢ | $112.54 | $1,369.19 |
| 34 | Florida | 16.22¢ | $116.78 | $1,420.87 |
| 35 | Illinois | 16.27¢ | $117.14 | $1,425.25 |
| 36 | Maryland | 16.57¢ | $119.30 | $1,451.53 |
| 37 | Wisconsin | 17.38¢ | $125.14 | $1,522.49 |
| 38 | Pennsylvania | 18.36¢ | $132.19 | $1,608.34 |
| 39 | New Jersey | 18.48¢ | $133.06 | $1,618.85 |
| 40 | Michigan | 19.34¢ | $139.25 | $1,694.18 |
| 41 | Vermont | 21.43¢ | $154.30 | $1,877.27 |
| 42 | Alaska | 24.21¢ | $174.31 | $2,120.80 |
| 43 | New York | 24.33¢ | $175.18 | $2,131.31 |
| 44 | New Hampshire | 25.78¢ | $185.62 | $2,258.33 |
| 45 | Maine | 26.37¢ | $189.86 | $2,310.01 |
| 46 | Rhode Island | 28.08¢ | $202.18 | $2,459.81 |
| 47 | Massachusetts | 28.58¢ | $205.78 | $2,503.61 |
| 48 | Connecticut | 29.98¢ | $215.86 | $2,626.25 |
| 49 | California | 31.22¢ | $224.78 | $2,734.87 |
| 50 | Hawaii | 43.18¢ | $310.90 | $3,782.57 |
Save Money on Heat Pump in Indiana
- Lower your thermostat by 7-10F for 8 hours a day to save up to 10% on Heat Pump heating costs.
- Use a smart thermostat to optimize Heat Pump usage based on your schedule in Indiana.
- Improve home insulation in attics, walls, and floors to retain heat better.
- Use zone heating to warm only occupied rooms instead of your entire home.
- Look for Energy Star certified Heat Pump models that use 10-50% less energy than standard models.
- Consider installing solar panels in Indiana to offset your Heat Pump electricity costs.
- Check if your Indiana utility offers time-of-use rates and run your Heat Pump during off-peak hours.
- Ensure proper maintenance of your Heat Pump to keep it running at peak efficiency.
Related Pages
Frequently Asked Questions
How much does it cost to run a Heat Pump in Indiana?
Running a Heat Pump in Indiana costs approximately $111.02 per month or $1,350.79 per year, based on the state's average residential rate of 15.42¢/kWh and typical usage of 8 hours per day.
Is running a Heat Pump expensive in Indiana compared to other states?
Indiana ranks #31 out of 50 states for Heat Pump running costs (1 = cheapest). It's 10.5% cheaper than the national average. The cheapest state is Idaho at $80.28/month, and the most expensive is Hawaii at $310.90/month.
How much electricity does a Heat Pump use per month?
A typical Heat Pump uses 3000 watts and runs about 8 hours per day, consuming approximately 24.00 kWh daily or 720.0 kWh per month.
How can I reduce Heat Pump electricity costs in Indiana?
You can reduce costs by using an Energy Star rated Heat Pump, running it during off-peak hours if your utility offers time-of-use rates, ensuring proper maintenance, and considering solar panels to offset electricity costs in Indiana.
What is the electricity rate in Indiana?
The average residential electricity rate in Indiana is 15.42¢ per kWh. The primary energy source is Coal, with 11.0% from renewable sources.
Was this data helpful?
Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)