Heat Pump in Madison — $573/yr to Run (14.9¢/kWh)
Your heat pump in Madison costs about $48/month at 14.9¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Madison, WI Electricity Rate
14.9¢/kWh
Utility: Madison Gas & Electric (MGE)
+15% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$2.86
19.2 kWh/day
Monthly Cost
$47.74
320 kWh/mo
Annual Cost
$573
3,840 kWh/yr
Lifetime (15yr)
$8,594
energy only
Monthly Cost Breakdown in Madison
| Period | kWh | Madison Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 19.2 | $2.86 | $2.50 | +$0.37 |
| Weekly | 134.4 | $20.05 | $17.47 | +$2.58 |
| Monthly | 320.0 | $47.74 | $41.60 | +$6.14 |
| Quarterly | 960.0 | $143.23 | $124.80 | +$18.43 |
| Annual | 3840.0 | $572.93 | $499.20 | +$73.73 |
Customize Your Heat Pump Cost
Adjust usage hours and electricity rate to calculate your exact cost in Madison.
Daily
$2.86
Monthly
$47.74
Annual
$573
15-Year
$8,594
Energy Saving Tips for Heat Pump in Madison
- ✓Madison electricity rates are 15% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Heat Pump in Madison saves ~$115/year compared to standard models.
- ✓A smart Heat Pump with scheduling optimization can save ~$115/year at Madison 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 Madison saves approximately $115/year at local rates — $1,719 over the appliance lifetime.
Highest-Cost Appliances in Madison, WI
See which appliances cost the most to run at Madison's 14.9¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,934/yr
$161.14/mo
Electric Furnace
HVAC · 10,000W
$1,343/yr
$111.90/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$980/yr
$81.69/mo
EV Charger (Level 2)
Garage · 7,200W
$967/yr
$80.57/mo
Boiler (Electric)
HVAC · 6,000W
$806/yr
$67.14/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$735/yr
$61.27/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$735/yr
$61.27/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$537/yr
$44.76/mo
Heat Pump Cost in Other Wisconsin Cities
Heat Pump Energy Cost FAQ — Madison, WI
Understanding Heat Pump Energy Costs in Madison, WI
Madison is a mid-sized Wisconsin city where residential electricity rates from Madison Gas & Electric (MGE) are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Heat Pump (2,400W) at Madison's rate of 14.9¢/kWh costs approximately $573 per year — $74 more than the national average of $499.
Madison rates are 15% above the national average — a modest premium that adds $74 per year to Heat Pump operating costs. Over the appliance's 15-year lifespan, that's $1,106 in cumulative extra spending versus the national average.
Madison's cost of living index of 92 is below the national average, and electricity costs reflect that affordability. The Heat Pump adds $47.74/month to a typical bill of $134. Upgrading to an ENERGY STAR Heat Pump can cut energy use by up to 20%, saving approximately $115 per year at Madison rates.
Madison's moderate climate (avg 57.4°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. Madison 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 Madison.
Compare All Energy Costs in Madison
See energy costs for 178+ household appliances at Madison's local electricity rate.