Is electricity expensive in Indiana?

Indiana's residential average of 17.5¢/kWh is 5% below the U.S. average of 18.3¢/kWh, ranking 31 of 51 jurisdictions (1 = cheapest).

What's the cheapest electric water heater to run in Indiana?

Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $119 a year at Indiana rates (681 kWh/yr).

How does Indiana compare with other states?

The same median electric water heater costs $159 a year in Nevada (the cheapest state) and $638 in Hawaii (the priciest). Indiana sits at $212.

Data through June 2026

Cost to run · Indiana · 17.5¢/kWh residential average

How much does it cost to run an electric water heater in Indiana?

$212/yr · median certified model

Electricity in Indiana is priced within a few percent of the U.S. average — 17.5¢/kWh — which puts the typical certified electric water heater at about $212 annually, essentially the national number.

Indiana ranks 31 of 51 jurisdictions for electric water heater running costs — solidly mid-table. Model choice matters as much as geography: at Indiana rates the most efficient certified model (Eco-Logical OMNI-50HP1-1A) costs $119 a year while the most power-hungry (Smart Solar SSG2-ES 120) costs $305 — a spread of $186 every year. For reference, the national extremes are Nevada (13.1¢/kWh) and Hawaii (52.7¢/kWh); the same median electric water heater would cost $159 and $638 a year there.

Indiana

$212

US average

$222

Nevada

$159

Hawaii

$638

Median certified electric water heater (1,210 kWh/yr) per year, at each rate

The cheapest water heaters (electric) to run at Indiana rates

Top 10 by certified kWh, priced at 17.5¢/kWh
#	Model	kWh/yr	$/yr in IN
1	Eco-Logical OMNI-50HP1-1A	681	$119
2	GE Profile PF40S10FPY01	724	$127
3	Eco-Logical OMNI-50HP2-1A	769	$135
4	GE Profile PH40S10BPY01	773	$135
5	Friedrich PROH40 T0 FD120-M	780	$137
6	Friedrich PROH40 T0 FD120-MSO	780	$137
7	Rheem PROPH40 T0 RH120-M	780	$137
8	Rheem PROPH40 T0 RH120-MSO	780	$137
9	Rheem XE40T10HM00U0	780	$137
10	Rheem XE40T10HMS00U0	780	$137

Price any model at Indiana rates

Your rate, your numbers

Annual use (kWh)

Electricity rate

Per day: 58¢
Per month: $17.66
Per year: $212

1,210 kWh/yr × 17.5¢/kWh = $212/yr

Prefilled with the median certified electric water heater (1,210 kWh/yr). Every model page on this site carries its exact certified figure.

Questions, answered with the data

How much does it cost to run an electric water heater in Indiana?: About $212 a year for the median ENERGY STAR certified electric water heater, at Indiana's average residential rate of 17.5¢/kWh — that's $17.66 a month.
Is electricity expensive in Indiana?: Indiana's residential average of 17.5¢/kWh is 5% below the U.S. average of 18.3¢/kWh, ranking 31 of 51 jurisdictions (1 = cheapest).
What's the cheapest electric water heater to run in Indiana?: Among currently certified models, the Eco-Logical OMNI-50HP1-1A costs the least at about $119 a year at Indiana rates (681 kWh/yr).
How does Indiana compare with other states?: The same median electric water heater costs $159 a year in Nevada (the cheapest state) and $638 in Hawaii (the priciest). Indiana sits at $212.

Keep digging

Rate source: US EIA, average residential price of electricity, see methodology.