Heat Pump Water Heater in Bloomington — $134/yr to Run (12.3¢/kWh)
Your heat pump water heater in Bloomington costs about $11/month at 12.3¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Bloomington, IN Electricity Rate
12.3¢/kWh
Utility: Indiana Michigan Power
-6% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$0.37
3.0 kWh/day
Monthly Cost
$11.20
91 kWh/mo
Annual Cost
$134
1,095 kWh/yr
Lifetime (15yr)
$2,015
energy only
Monthly Cost Breakdown in Bloomington
| Period | kWh | Bloomington Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 3.0 | $0.37 | $0.39 | $-0.02 |
| Weekly | 21.0 | $2.58 | $2.73 | $-0.15 |
| Monthly | 91.3 | $11.20 | $11.86 | $-0.67 |
| Quarterly | 273.8 | $33.59 | $35.59 | $-2.00 |
| Annual | 1095.0 | $134.36 | $142.35 | $-7.99 |
Customize Your Heat Pump Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Bloomington.
Daily
$0.37
Monthly
$11.20
Annual
$134
15-Year
$2,015
Energy Saving Tips for Heat Pump Water Heater in Bloomington
- ✓Bloomington has below-average electricity rates, but saving energy still reduces your carbon footprint.
- ✓An ENERGY STAR Heat Pump Water Heater in Bloomington saves ~$40/year compared to standard models.
- ✓A smart Heat Pump Water Heater with scheduling optimization can save ~$27/year at Bloomington rates.
- ✓Keep in a warm area like a garage
- ✓Dont block airflow around unit
- ✓Use heat pump only mode for max savings
ENERGY STAR Savings: Upgrading to an ENERGY STAR Heat Pump Water Heater in Bloomington saves approximately $40/year at local rates — $605 over the appliance lifetime.
Highest-Cost Appliances in Bloomington, IN
See which appliances cost the most to run at Bloomington's 12.3¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,590/yr
$132.52/mo
Electric Furnace
HVAC · 10,000W
$1,104/yr
$92.02/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$806/yr
$67.18/mo
EV Charger (Level 2)
Garage · 7,200W
$795/yr
$66.26/mo
Boiler (Electric)
HVAC · 6,000W
$663/yr
$55.22/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$605/yr
$50.38/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$605/yr
$50.38/mo
Heat Pump
HVAC · 2,400W
$471/yr
$39.26/mo
Heat Pump Water Heater Cost in Other Indiana Cities
| City | Rate | Annual Cost | vs Bloomington |
|---|---|---|---|
| Bloomington (current) | 12.3¢ | $134 | — |
| Indianapolis | 12.9¢ | $141 | +$7 |
| Fort Wayne | 13.3¢ | $146 | +$12 |
| Evansville | 14.4¢ | $158 | +$23 |
| South Bend | 15.0¢ | $164 | +$29 |
| Carmel | 11.0¢ | $120 | $-14 |
| Fishers | 12.4¢ | $136 | +$1 |
| Hammond | 10.3¢ | $113 | $-21 |
| Lafayette | 12.7¢ | $139 | +$5 |
Heat Pump Water Heater Energy Cost FAQ — Bloomington, IN
Understanding Heat Pump Water Heater Energy Costs in Bloomington, IN
In the Bloomington area, Indiana Michigan Power serves a smaller residential base, and rates can be more sensitive to seasonal demand swings than in larger metros. Running a low-draw appliance like the Heat Pump Water Heater (500W) at Bloomington's rate of 12.3¢/kWh costs approximately $134 per year — $8 less than the national average of $142.
Rates in Bloomington are close to the national average, so the Heat Pump Water Heater's annual cost of $134 is broadly representative of what most US households pay. Over the 15-year expected lifespan, total energy cost reaches $2,015.
Bloomington's cost of living index of 90.5 is below the national average, and electricity costs reflect that affordability. The Heat Pump Water Heater adds $11.20/month to a typical bill of $110. Upgrading to an ENERGY STAR Heat Pump Water Heater can cut energy use by up to 30%, saving approximately $40 per year at Bloomington rates.
Bloomington's moderate climate (avg 54°F) helps keep seasonal energy cost swings manageable for most appliances. A Heat Pump Water Heater produces approximately 0.78 tons of CO2 annually at typical usage. Bloomington 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 Bloomington.
Compare All Energy Costs in Bloomington
See energy costs for 168+ household appliances at Bloomington's local electricity rate.