Heat Pump in Chicago — $639/yr to Run (16.6¢/kWh)
Your heat pump in Chicago costs about $53/month at 16.6¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Chicago, IL Electricity Rate
16.6¢/kWh
Utility: ComEd (Commonwealth Edison)
+28% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$3.19
19.2 kWh/day
Monthly Cost
$53.25
320 kWh/mo
Annual Cost
$639
3,840 kWh/yr
Lifetime (15yr)
$9,585
energy only
Monthly Cost Breakdown in Chicago
| Period | kWh | Chicago Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 19.2 | $3.19 | $2.50 | +$0.70 |
| Weekly | 134.4 | $22.36 | $17.47 | +$4.89 |
| Monthly | 320.0 | $53.25 | $41.60 | +$11.65 |
| Quarterly | 960.0 | $159.74 | $124.80 | +$34.94 |
| Annual | 3840.0 | $638.98 | $499.20 | +$139.78 |
Customize Your Heat Pump Cost
Adjust usage hours and electricity rate to calculate your exact cost in Chicago.
Daily
$3.19
Monthly
$53.25
Annual
$639
15-Year
$9,585
Energy Saving Tips for Heat Pump in Chicago
- ✓Chicago electricity rates are 28% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Heat Pump in Chicago saves ~$128/year compared to standard models.
- ✓A smart Heat Pump with scheduling optimization can save ~$128/year at Chicago rates.
- ✓Keep outdoor unit clear of debris
- ✓Use backup heat only when necessary
- ✓Set to auto mode
ENERGY STAR Savings: Upgrading to an ENERGY STAR Heat Pump in Chicago saves approximately $128/year at local rates — $1,917 over the appliance lifetime.
Highest-Cost Appliances in Chicago, IL
See which appliances cost the most to run at Chicago's 16.6¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$2,157/yr
$179.71/mo
Electric Furnace
HVAC · 10,000W
$1,498/yr
$124.80/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$1,093/yr
$91.10/mo
EV Charger (Level 2)
Garage · 7,200W
$1,078/yr
$89.86/mo
Boiler (Electric)
HVAC · 6,000W
$899/yr
$74.88/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$820/yr
$68.33/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$820/yr
$68.33/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$599/yr
$49.92/mo
Heat Pump Cost in Other Illinois Cities
| City | Rate | Annual Cost | vs Chicago |
|---|---|---|---|
| Chicago (current) | 16.6¢ | $639 | — |
| Aurora | 15.0¢ | $575 | $-64 |
| Joliet | 14.4¢ | $553 | $-86 |
| Naperville | 14.6¢ | $563 | $-76 |
| Rockford | 17.0¢ | $654 | +$15 |
| Elgin | 13.6¢ | $521 | $-118 |
| Springfield | 15.9¢ | $609 | $-30 |
| Peoria | 16.9¢ | $647 | +$8 |
| Waukegan | 14.3¢ | $550 | $-89 |
Heat Pump Energy Cost FAQ — Chicago, IL
Understanding Heat Pump Energy Costs in Chicago, IL
In a major metro like Chicago, electricity demand is high and rates reflect the cost of maintaining infrastructure for 2.7 million residents. Running a high-draw appliance like the Heat Pump (2,400W) at Chicago's rate of 16.6¢/kWh costs approximately $639 per year — $140 more than the national average of $499.
Electricity in Chicago is significantly more expensive than the national average — 28% higher. For a Heat Pump used 8 hours per day, this rate premium adds up to $140 in extra annual costs. Energy-efficient models and usage habits have an outsized impact in high-rate markets like this.
Chicago's cost of living index of 87 is below the national average, and electricity costs reflect that affordability. The Heat Pump adds $53.25/month to a typical bill of $141. Upgrading to an ENERGY STAR Heat Pump can cut energy use by up to 20%, saving approximately $128 per year at Chicago rates.
Chicago's moderate climate (avg 45°F) helps keep seasonal energy cost swings manageable for most appliances. A Heat Pump produces approximately 2.74 tons of CO2 annually at typical usage. Chicago 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 Chicago.
Compare All Energy Costs in Chicago
See energy costs for 168+ household appliances at Chicago's local electricity rate.