Heat Pump Water Heater in Elgin — $149/yr to Run (13.6¢/kWh)
Your heat pump water heater in Elgin costs about $12/month at 13.6¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Elgin, IL Electricity Rate
13.6¢/kWh
Utility: ComEd
+4% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$0.41
3.0 kWh/day
Monthly Cost
$12.38
91 kWh/mo
Annual Cost
$149
1,095 kWh/yr
Lifetime (15yr)
$2,229
energy only
Monthly Cost Breakdown in Elgin
| Period | kWh | Elgin Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 3.0 | $0.41 | $0.39 | +$0.02 |
| Weekly | 21.0 | $2.85 | $2.73 | +$0.12 |
| Monthly | 91.3 | $12.38 | $11.86 | +$0.52 |
| Quarterly | 273.8 | $37.15 | $35.59 | +$1.56 |
| Annual | 1095.0 | $148.59 | $142.35 | +$6.24 |
Customize Your Heat Pump Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Elgin.
Daily
$0.41
Monthly
$12.38
Annual
$149
15-Year
$2,229
Energy Saving Tips for Heat Pump Water Heater in Elgin
- ✓Elgin electricity rates are 4% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Heat Pump Water Heater in Elgin saves ~$45/year compared to standard models.
- ✓A smart Heat Pump Water Heater with scheduling optimization can save ~$30/year at Elgin 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 Elgin saves approximately $45/year at local rates — $669 over the appliance lifetime.
Highest-Cost Appliances in Elgin, IL
See which appliances cost the most to run at Elgin's 13.6¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,759/yr
$146.56/mo
Electric Furnace
HVAC · 10,000W
$1,221/yr
$101.77/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$892/yr
$74.30/mo
EV Charger (Level 2)
Garage · 7,200W
$879/yr
$73.28/mo
Boiler (Electric)
HVAC · 6,000W
$733/yr
$61.06/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$669/yr
$55.72/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$669/yr
$55.72/mo
Heat Pump
HVAC · 2,400W
$521/yr
$43.42/mo
Heat Pump Water Heater Cost in Other Illinois Cities
| City | Rate | Annual Cost | vs Elgin |
|---|---|---|---|
| Elgin (current) | 13.6¢ | $149 | — |
| Chicago | 16.6¢ | $182 | +$34 |
| Aurora | 15.0¢ | $164 | +$15 |
| Joliet | 14.4¢ | $158 | +$9 |
| Naperville | 14.6¢ | $160 | +$12 |
| Rockford | 17.0¢ | $186 | +$38 |
| Springfield | 15.9¢ | $174 | +$25 |
| Peoria | 16.9¢ | $185 | +$36 |
| Waukegan | 14.3¢ | $157 | +$8 |
Heat Pump Water Heater Energy Cost FAQ — Elgin, IL
Understanding Heat Pump Water Heater Energy Costs in Elgin, IL
Elgin is a mid-sized Illinois city where residential electricity rates from ComEd are shaped by regional energy supply and local demand patterns. Running a low-draw appliance like the Heat Pump Water Heater (500W) at Elgin's rate of 13.6¢/kWh costs approximately $149 per year — $6 more than the national average of $142.
Elgin rates are 4% above the national average — a modest premium that adds $6 per year to Heat Pump Water Heater operating costs. Over the appliance's 15-year lifespan, that's $94 in cumulative extra spending versus the national average.
Elgin's cost of living index of 93.2 is below the national average, and electricity costs reflect that affordability. The Heat Pump Water Heater adds $12.38/month to a typical bill of $122. Upgrading to an ENERGY STAR Heat Pump Water Heater can cut energy use by up to 30%, saving approximately $45 per year at Elgin rates.
Elgin's moderate climate (avg 53°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. Elgin 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 Elgin.
Compare All Energy Costs in Elgin
See energy costs for 168+ household appliances at Elgin's local electricity rate.