Heat Pump Electricity Calculator in New York

A heat pump in New York costs about $212.04 a month ($2579.82 a year) to run at the state's average rate of 29.45 ¢/kWh. Use this calculator to compare light, typical, and heavy use.

New York average rate
29.45 ¢/kWh
Assumed wattage
3,000 W
Typical usage pattern
8 hours/day
Typical monthly cost
$212.04
Typical yearly cost
$2579.82

Key metrics

MetricValue
New York average rate29.45 ¢/kWh
Assumed wattage3,000 W
Typical usage pattern8 hours/day
Typical monthly cost$212.04
Typical yearly cost$2579.82

Heat Pump in New York vs U.S. benchmark

New York monthly estimate
$212.04
U.S. monthly estimate
$139.10
Difference
+$72.94
State rate
29.45 ¢/kWh

Calculator assumptions

This calculator uses a typical wattage range of 1,000-5,000 W, and we assume 3,000 watts for 8 hours/day. The formula is kWh = (watts × hours) / 1000.

At this profile, the appliance uses 720.0 kWh per month and 8760.0 kWh per year.

Appliance calculator scenarios

ScenarioHours/dayAnnual energyNew York monthlyU.S. monthlyNew York yearly
Light usage4 hours/day4380.0 kWh$106.02$69.55$1289.91
Typical usage8 hours/day8760.0 kWh$212.04$139.10$2579.82
Heavy usage12 hours/day13140.0 kWh$318.06$208.66$3869.73

Appliance cost reference page

Want the full write-up? The appliance page below uses the same rate and wattage assumptions:

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Source & Method

Source: U.S. Energy Information Administration (EIA) Retail Sales of Electricity. Updated: April 2026. Estimates use the EIA average all-in residential rate (delivery included); they don't add separately billed taxes, fixed charges, or other utility fees, which vary by utility. For how rates and estimates are defined, see the methodology hub.

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