Heat Pump Water Heater in Providence — $311/yr to Run (28.4¢/kWh)
Your heat pump water heater in Providence costs about $26/month at 28.4¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Providence, RI Electricity Rate
28.4¢/kWh
Utility: Rhode Island Energy
+118% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$0.85
3.0 kWh/day
Monthly Cost
$25.91
91 kWh/mo
Annual Cost
$311
1,095 kWh/yr
Lifetime (15yr)
$4,665
energy only
Monthly Cost Breakdown in Providence
| Period | kWh | Providence Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 3.0 | $0.85 | $0.39 | +$0.46 |
| Weekly | 21.0 | $5.96 | $2.73 | +$3.23 |
| Monthly | 91.3 | $25.91 | $11.86 | +$14.05 |
| Quarterly | 273.8 | $77.74 | $35.59 | +$42.16 |
| Annual | 1095.0 | $310.98 | $142.35 | +$168.63 |
Customize Your Heat Pump Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Providence.
Daily
$0.85
Monthly
$25.91
Annual
$311
15-Year
$4,665
Energy Saving Tips for Heat Pump Water Heater in Providence
- ✓Providence electricity rates are 118% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Heat Pump Water Heater in Providence saves ~$93/year compared to standard models.
- ✓A smart Heat Pump Water Heater with scheduling optimization can save ~$62/year at Providence 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 Providence saves approximately $93/year at local rates — $1,399 over the appliance lifetime.
Highest-Cost Appliances in Providence, RI
See which appliances cost the most to run at Providence's 28.4¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$3,681/yr
$306.72/mo
Electric Furnace
HVAC · 10,000W
$2,556/yr
$213.00/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$1,866/yr
$155.49/mo
EV Charger (Level 2)
Garage · 7,200W
$1,840/yr
$153.36/mo
Boiler (Electric)
HVAC · 6,000W
$1,534/yr
$127.80/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$1,399/yr
$116.62/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$1,399/yr
$116.62/mo
Heat Pump
HVAC · 2,400W
$1,091/yr
$90.88/mo
Heat Pump Water Heater Cost in Other Rhode Island Cities
Heat Pump Water Heater Energy Cost FAQ — Providence, RI
Understanding Heat Pump Water Heater Energy Costs in Providence, RI
Providence is a mid-sized Rhode Island city where residential electricity rates from Rhode Island Energy are shaped by regional energy supply and local demand patterns. Running a low-draw appliance like the Heat Pump Water Heater (500W) at Providence's rate of 28.4¢/kWh costs approximately $311 per year — $169 more than the national average of $142.
Electricity in Providence is significantly more expensive than the national average — 118% higher. For a Heat Pump Water Heater used 6 hours per day, this rate premium adds up to $169 in extra annual costs. Energy-efficient models and usage habits have an outsized impact in high-rate markets like this.
With a cost of living index of 111, Providence is near the national median. The Heat Pump Water Heater's monthly cost of $25.91 represents a typical share of the average Providence electric bill of $141/month. Upgrading to an ENERGY STAR Heat Pump Water Heater can cut energy use by up to 30%, saving approximately $93 per year at Providence rates.
Providence's moderate climate (avg 51.9°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. Providence 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 Providence.
Compare All Energy Costs in Providence
See energy costs for 178+ household appliances at Providence's local electricity rate.
Frequently Asked Questions
How much does it cost to run a Heat Pump Water Heater in Providence, RI?
At Providence's average electricity rate of 28.4¢/kWh, a Heat Pump Water Heater costs approximately $311 per year to run. That's about $25.91 per month with typical usage of 6 hours per day.
What is the electricity rate in Providence, RI?
The average residential electricity rate in Providence, RI is 28.4¢/kWh, which is 118% above the national average of 13.0¢/kWh. The primary utility provider is Rhode Island Energy.
How much electricity does a Heat Pump Water Heater use per year?
A Heat Pump Water Heater uses approximately 500 watts and consumes about 1,095 kWh per year with typical usage of 6 hours/day for 365 days/year.
Is a Heat Pump Water Heater expensive to run in Providence?
Compared to the national average cost of $142/year, running a Heat Pump Water Heater in Providence costs $169 more per year due to higher local electricity rates.
How can I reduce my Heat Pump Water Heater energy cost in Providence?
To reduce Heat Pump Water Heater costs in Providence: Keep in a warm area like a garage. Dont block airflow around unit. Upgrading to an ENERGY STAR model saves up to 30% on energy costs. Also check with Rhode Island Energy for local energy efficiency rebates and programs.