Electric Furnace in Madison — $1,343/yr to Run (14.9¢/kWh)
Your electric furnace in Madison costs about $112/month at 14.9¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Madison, WI Electricity Rate
14.9¢/kWh
Utility: Madison Gas & Electric (MGE)
+15% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$8.95
60.0 kWh/day
Monthly Cost
$111.90
750 kWh/mo
Annual Cost
$1,343
9,000 kWh/yr
Lifetime (20yr)
$26,856
energy only
Monthly Cost Breakdown in Madison
| Period | kWh | Madison Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 60.0 | $8.95 | $7.80 | +$1.15 |
| Weekly | 420.0 | $62.66 | $54.60 | +$8.06 |
| Monthly | 750.0 | $111.90 | $97.50 | +$14.40 |
| Quarterly | 2250.0 | $335.70 | $292.50 | +$43.20 |
| Annual | 9000.0 | $1342.80 | $1170.00 | +$172.80 |
Customize Your Electric Furnace Cost
Adjust usage hours and electricity rate to calculate your exact cost in Madison.
Daily
$8.95
Monthly
$111.90
Annual
$1,343
20-Year
$26,856
Energy Saving Tips for Electric Furnace in Madison
- ✓Madison electricity rates are 15% above the national average — energy efficiency matters more here.
- ✓A smart Electric Furnace with scheduling optimization can save ~$201/year at Madison rates.
- ✓Consider switching to a heat pump
- ✓Insulate your home well
- ✓Use a smart thermostat
Highest-Cost Appliances in Madison, WI
See which appliances cost the most to run at Madison's 14.9¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,934/yr
$161.14/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$980/yr
$81.69/mo
EV Charger (Level 2)
Garage · 7,200W
$967/yr
$80.57/mo
Boiler (Electric)
HVAC · 6,000W
$806/yr
$67.14/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$735/yr
$61.27/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$735/yr
$61.27/mo
Heat Pump
HVAC · 2,400W
$573/yr
$47.74/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$537/yr
$44.76/mo
Electric Furnace Cost in Other Wisconsin Cities
Electric Furnace Energy Cost FAQ — Madison, WI
Understanding Electric Furnace Energy Costs in Madison, WI
Madison is a mid-sized Wisconsin city where residential electricity rates from Madison Gas & Electric (MGE) are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Electric Furnace (10,000W) at Madison's rate of 14.9¢/kWh costs approximately $1,343 per year — $173 more than the national average of $1,170.
Madison rates are 15% above the national average — a modest premium that adds $173 per year to Electric Furnace operating costs. Over the appliance's 20-year lifespan, that's $3,456 in cumulative extra spending versus the national average.
Madison's cost of living index of 92 is below the national average, and electricity costs reflect that affordability. The Electric Furnace adds $111.90/month to a typical bill of $134. While no ENERGY STAR version is available, a smart Electric Furnace with automated scheduling can reduce consumption by 15%, saving $201/year.
Madison's moderate climate (avg 57.4°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Furnace produces approximately 6.43 tons of CO2 annually at typical usage. Madison residents can reduce this footprint by optimizing usage patterns, or investing in solar — see our solar savings calculator for Madison.
Compare All Energy Costs in Madison
See energy costs for 178+ household appliances at Madison's local electricity rate.