Cost to Run Heat Pump in New Jersey (2026)
At New Jersey's average rate of 18.48¢/kWh, running a Heat Pump costs $133.06/month or $1,618.85/year. That's 7.3% more than the national average of $123.98/month.
Monthly Cost
$133.06
in New Jersey
Yearly Cost
$1,618.85
in New Jersey
State Rate
18.48¢
per kWh
National Rank
#39
of 50 states
Heat Pump Energy Usage
| Wattage | 3,000 watts |
| Typical Daily Use | 8 hours/day |
| Daily kWh | 24.00 kWh |
| Monthly kWh | 720.0 kWh |
| Category | Heating |
New Jersey vs National Average: Heat Pump Costs
| Metric | New Jersey | National Avg | Difference |
|---|---|---|---|
| Electricity Rate | 18.48¢/kWh | 17.22¢/kWh | +1.26¢ |
| Monthly Heat Pump Cost | $133.06 | $123.98 | +$9.07 |
| Yearly Heat Pump Cost | $1,618.85 | $1,508.47 | +$110.38 |
Heat Pump Cost in Neighboring States
How does running a Heat Pump in New Jersey compare to nearby states?
| State | Rate | Monthly | Yearly | vs NJ |
|---|---|---|---|---|
| New Jersey (this state) | 18.48¢ | $133.06 | $1,618.85 | - |
| Delaware | 14.94¢ | $107.57 | $1,308.74 | $-25.49 |
| New York | 24.33¢ | $175.18 | $2,131.31 | +$42.12 |
| Pennsylvania | 18.36¢ | $132.19 | $1,608.34 | $-0.86 |
Heat Pump Cost: All 50 States Ranked
New Jersey ranks #39 out of 50 for Heat Pump running costs (1 = cheapest).
| # | State | Rate | Monthly | Yearly |
|---|---|---|---|---|
| 1 | Idaho | 11.15¢ | $80.28 | $976.74 |
| 2 | Washington | 11.26¢ | $81.07 | $986.38 |
| 3 | Utah | 11.41¢ | $82.15 | $999.52 |
| 4 | Wyoming | 11.72¢ | $84.38 | $1,026.67 |
| 5 | North Dakota | 12.43¢ | $89.50 | $1,088.87 |
| 6 | Louisiana | 12.52¢ | $90.14 | $1,096.75 |
| 7 | Oregon | 12.55¢ | $90.36 | $1,099.38 |
| 8 | Montana | 12.81¢ | $92.23 | $1,122.16 |
| 9 | Oklahoma | 12.82¢ | $92.30 | $1,123.03 |
| 10 | Tennessee | 12.91¢ | $92.95 | $1,130.92 |
| 11 | Arkansas | 13.04¢ | $93.89 | $1,142.30 |
| 12 | Nebraska | 13.08¢ | $94.18 | $1,145.81 |
| 13 | Kentucky | 13.19¢ | $94.97 | $1,155.44 |
| 14 | West Virginia | 13.44¢ | $96.77 | $1,177.34 |
| 15 | Mississippi | 13.54¢ | $97.49 | $1,186.10 |
| 16 | South Dakota | 13.74¢ | $98.93 | $1,203.62 |
| 17 | Missouri | 13.78¢ | $99.22 | $1,207.13 |
| 18 | North Carolina | 14.09¢ | $101.45 | $1,234.28 |
| 19 | Georgia | 14.27¢ | $102.74 | $1,250.05 |
| 20 | South Carolina | 14.43¢ | $103.90 | $1,264.07 |
| 21 | Virginia | 14.64¢ | $105.41 | $1,282.46 |
| 22 | Arizona | 14.78¢ | $106.42 | $1,294.73 |
| 23 | Alabama | 14.87¢ | $107.06 | $1,302.61 |
| 24 | Nevada | 14.92¢ | $107.42 | $1,306.99 |
| 25 | Delaware | 14.94¢ | $107.57 | $1,308.74 |
| 26 | Texas | 15.06¢ | $108.43 | $1,319.26 |
| 27 | Iowa | 15.14¢ | $109.01 | $1,326.26 |
| 28 | Ohio | 15.21¢ | $109.51 | $1,332.40 |
| 29 | Kansas | 15.28¢ | $110.02 | $1,338.53 |
| 30 | New Mexico | 15.34¢ | $110.45 | $1,343.78 |
| 31 | Indiana | 15.42¢ | $111.02 | $1,350.79 |
| 32 | Colorado | 15.56¢ | $112.03 | $1,363.06 |
| 33 | Minnesota | 15.63¢ | $112.54 | $1,369.19 |
| 34 | Florida | 16.22¢ | $116.78 | $1,420.87 |
| 35 | Illinois | 16.27¢ | $117.14 | $1,425.25 |
| 36 | Maryland | 16.57¢ | $119.30 | $1,451.53 |
| 37 | Wisconsin | 17.38¢ | $125.14 | $1,522.49 |
| 38 | Pennsylvania | 18.36¢ | $132.19 | $1,608.34 |
| 39 | New Jersey | 18.48¢ | $133.06 | $1,618.85 |
| 40 | Michigan | 19.34¢ | $139.25 | $1,694.18 |
| 41 | Vermont | 21.43¢ | $154.30 | $1,877.27 |
| 42 | Alaska | 24.21¢ | $174.31 | $2,120.80 |
| 43 | New York | 24.33¢ | $175.18 | $2,131.31 |
| 44 | New Hampshire | 25.78¢ | $185.62 | $2,258.33 |
| 45 | Maine | 26.37¢ | $189.86 | $2,310.01 |
| 46 | Rhode Island | 28.08¢ | $202.18 | $2,459.81 |
| 47 | Massachusetts | 28.58¢ | $205.78 | $2,503.61 |
| 48 | Connecticut | 29.98¢ | $215.86 | $2,626.25 |
| 49 | California | 31.22¢ | $224.78 | $2,734.87 |
| 50 | Hawaii | 43.18¢ | $310.90 | $3,782.57 |
Save Money on Heat Pump in New Jersey
- Lower your thermostat by 7-10F for 8 hours a day to save up to 10% on Heat Pump heating costs.
- Use a smart thermostat to optimize Heat Pump usage based on your schedule in New Jersey.
- Improve home insulation in attics, walls, and floors to retain heat better.
- Use zone heating to warm only occupied rooms instead of your entire home.
- Look for Energy Star certified Heat Pump models that use 10-50% less energy than standard models.
- Consider installing solar panels in New Jersey to offset your Heat Pump electricity costs.
- Check if your New Jersey utility offers time-of-use rates and run your Heat Pump during off-peak hours.
- Ensure proper maintenance of your Heat Pump to keep it running at peak efficiency.
Related Pages
Frequently Asked Questions
How much does it cost to run a Heat Pump in New Jersey?
Running a Heat Pump in New Jersey costs approximately $133.06 per month or $1,618.85 per year, based on the state's average residential rate of 18.48¢/kWh and typical usage of 8 hours per day.
Is running a Heat Pump expensive in New Jersey compared to other states?
New Jersey ranks #39 out of 50 states for Heat Pump running costs (1 = cheapest). It's 7.3% more expensive than the national average. The cheapest state is Idaho at $80.28/month, and the most expensive is Hawaii at $310.90/month.
How much electricity does a Heat Pump use per month?
A typical Heat Pump uses 3000 watts and runs about 8 hours per day, consuming approximately 24.00 kWh daily or 720.0 kWh per month.
How can I reduce Heat Pump electricity costs in New Jersey?
You can reduce costs by using an Energy Star rated Heat Pump, running it during off-peak hours if your utility offers time-of-use rates, ensuring proper maintenance, and considering solar panels to offset electricity costs in New Jersey.
What is the electricity rate in New Jersey?
The average residential electricity rate in New Jersey is 18.48¢ per kWh. The primary energy source is Natural Gas, with 8.0% from renewable sources.
Was this data helpful?
Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)