Heat Pump in Evansville — $553/yr to Run (14.4¢/kWh)
Your heat pump in Evansville costs about $46/month at 14.4¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Evansville, IN Electricity Rate
14.4¢/kWh
Utility: AES Indiana
+11% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.76
19.2 kWh/day
Monthly Cost
$46.05
320 kWh/mo
Annual Cost
$553
3,840 kWh/yr
Lifetime (15yr)
$8,289
energy only
Monthly Cost Breakdown in Evansville
| Period | kWh | Evansville Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 19.2 | $2.76 | $2.50 | +$0.27 |
| Weekly | 134.4 | $19.34 | $17.47 | +$1.87 |
| Monthly | 320.0 | $46.05 | $41.60 | +$4.45 |
| Quarterly | 960.0 | $138.14 | $124.80 | +$13.34 |
| Annual | 3840.0 | $552.58 | $499.20 | +$53.38 |
Customize Your Heat Pump Cost
Adjust usage hours and electricity rate to calculate your exact cost in Evansville.
Daily
$2.76
Monthly
$46.05
Annual
$553
15-Year
$8,289
Energy Saving Tips for Heat Pump in Evansville
- ✓Evansville electricity rates are 11% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Heat Pump in Evansville saves ~$111/year compared to standard models.
- ✓A smart Heat Pump with scheduling optimization can save ~$111/year at Evansville 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 Evansville saves approximately $111/year at local rates — $1,658 over the appliance lifetime.
Highest-Cost Appliances in Evansville, IN
See which appliances cost the most to run at Evansville's 14.4¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,865/yr
$155.41/mo
Electric Furnace
HVAC · 10,000W
$1,295/yr
$107.92/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$945/yr
$78.79/mo
EV Charger (Level 2)
Garage · 7,200W
$932/yr
$77.71/mo
Boiler (Electric)
HVAC · 6,000W
$777/yr
$64.75/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$709/yr
$59.09/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$709/yr
$59.09/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$518/yr
$43.17/mo
Heat Pump Cost in Other Indiana Cities
| City | Rate | Annual Cost | vs Evansville |
|---|---|---|---|
| Evansville (current) | 14.4¢ | $553 | — |
| Indianapolis | 12.9¢ | $495 | $-58 |
| Fort Wayne | 13.3¢ | $512 | $-41 |
| South Bend | 15.0¢ | $574 | +$22 |
| Carmel | 11.0¢ | $422 | $-131 |
| Fishers | 12.4¢ | $476 | $-77 |
| Bloomington | 12.3¢ | $471 | $-81 |
| Hammond | 10.3¢ | $396 | $-156 |
| Lafayette | 12.7¢ | $489 | $-64 |
Heat Pump Energy Cost FAQ — Evansville, IN
Understanding Heat Pump Energy Costs in Evansville, IN
Evansville is a mid-sized Indiana city where residential electricity rates from AES Indiana are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Heat Pump (2,400W) at Evansville's rate of 14.4¢/kWh costs approximately $553 per year — $53 more than the national average of $499.
Evansville rates are 11% above the national average — a modest premium that adds $53 per year to Heat Pump operating costs. Over the appliance's 15-year lifespan, that's $801 in cumulative extra spending versus the national average.
With a cost of living index of 99, Evansville is near the national median. The Heat Pump's monthly cost of $46.05 represents a typical share of the average Evansville electric bill of $101/month. Upgrading to an ENERGY STAR Heat Pump can cut energy use by up to 20%, saving approximately $111 per year at Evansville rates.
Evansville's moderate climate (avg 46.4°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. Evansville 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 Evansville.
Compare All Energy Costs in Evansville
See energy costs for 168+ household appliances at Evansville's local electricity rate.