Electric Water Heater (Tank) in Indianapolis — $635/yr to Run (12.9¢/kWh)
Your electric water heater (tank) in Indianapolis costs about $53/month at 12.9¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Indianapolis, IN Electricity Rate
12.9¢/kWh
Utility: Indianapolis Power & Light (AES Indiana)
-1% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.74
13.5 kWh/day
Monthly Cost
$52.89
411 kWh/mo
Annual Cost
$635
4,928 kWh/yr
Lifetime (12yr)
$7,616
energy only
Monthly Cost Breakdown in Indianapolis
| Period | kWh | Indianapolis Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.74 | $1.76 | $-0.02 |
| Weekly | 94.5 | $12.17 | $12.29 | $-0.11 |
| Monthly | 410.6 | $52.89 | $53.38 | $-0.49 |
| Quarterly | 1231.9 | $158.67 | $160.14 | $-1.48 |
| Annual | 4927.5 | $634.66 | $640.58 | $-5.91 |
Customize Your Electric Water Heater (Tank) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Indianapolis.
Daily
$1.74
Monthly
$52.89
Annual
$635
12-Year
$7,616
Energy Saving Tips for Electric Water Heater (Tank) in Indianapolis
- ✓Indianapolis has below-average electricity rates, but saving energy still reduces your carbon footprint.
- ✓An ENERGY STAR Electric Water Heater (Tank) in Indianapolis saves ~$95/year compared to standard models.
- ✓A smart Electric Water Heater (Tank) with scheduling optimization can save ~$95/year at Indianapolis rates.
- ✓Set temperature to 120F
- ✓Insulate tank and hot water pipes
- ✓Drain sediment annually
ENERGY STAR Savings: Upgrading to an ENERGY STAR Electric Water Heater (Tank) in Indianapolis saves approximately $95/year at local rates — $1,142 over the appliance lifetime.
Highest-Cost Appliances in Indianapolis, IN
See which appliances cost the most to run at Indianapolis's 12.9¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,669/yr
$139.10/mo
Electric Furnace
HVAC · 10,000W
$1,159/yr
$96.60/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$846/yr
$70.52/mo
EV Charger (Level 2)
Garage · 7,200W
$835/yr
$69.55/mo
Boiler (Electric)
HVAC · 6,000W
$696/yr
$57.96/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$635/yr
$52.89/mo
Heat Pump
HVAC · 2,400W
$495/yr
$41.22/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$464/yr
$38.64/mo
Electric Water Heater (Tank) Cost in Other Indiana Cities
| City | Rate | Annual Cost | vs Indianapolis |
|---|---|---|---|
| Indianapolis (current) | 12.9¢ | $635 | — |
| Fort Wayne | 13.3¢ | $657 | +$22 |
| Evansville | 14.4¢ | $709 | +$74 |
| South Bend | 15.0¢ | $737 | +$102 |
| Carmel | 11.0¢ | $541 | $-94 |
| Fishers | 12.4¢ | $611 | $-24 |
| Bloomington | 12.3¢ | $605 | $-30 |
| Hammond | 10.3¢ | $509 | $-126 |
| Lafayette | 12.7¢ | $627 | $-7 |
Electric Water Heater (Tank) Energy Cost FAQ — Indianapolis, IN
Understanding Electric Water Heater (Tank) Energy Costs in Indianapolis, IN
In a major metro like Indianapolis, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.9 million residents. Running a high-draw appliance like the Electric Water Heater (Tank) (4,500W) at Indianapolis's rate of 12.9¢/kWh costs approximately $635 per year — $6 less than the national average of $641.
Rates in Indianapolis are close to the national average, so the Electric Water Heater (Tank)'s annual cost of $635 is broadly representative of what most US households pay. Over the 12-year expected lifespan, total energy cost reaches $7,616.
Indianapolis's cost of living index of 89 is below the national average, and electricity costs reflect that affordability. The Electric Water Heater (Tank) adds $52.89/month to a typical bill of $126. Upgrading to an ENERGY STAR Electric Water Heater (Tank) can cut energy use by up to 15%, saving approximately $95 per year at Indianapolis rates.
Indianapolis's moderate climate (avg 44.8°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Water Heater (Tank) produces approximately 3.52 tons of CO2 annually at typical usage. Indianapolis residents can reduce this footprint by choosing an ENERGY STAR certified unit, optimizing usage patterns, or investing in solar — see our solar savings calculator for Indianapolis.
Compare All Energy Costs in Indianapolis
See energy costs for 168+ household appliances at Indianapolis's local electricity rate.