How Much to Run a Heat Pump in New York? $0.98/Hr, $1,623/Winter
Running heat pump in New York costs about $0.98 an hour and roughly $1,623 for the winter — 3,500 W for 9.1 hours a day at 27.96¢/kWh.
· Source: EIA Electric Power Monthly Table 5.6.A (July 2026 data) · next EIA update ~Oct 23
On this page: CalculatorTableHow we calculatedSources
Jump to calculator ↓Slider nudges the New York rate; the URL keeps it.
- Per hour
- $0.98 at 27.96¢/kWh
- Per winter
- $1,623 (182 days)
- Hours per day
- 9.1 (NOAA state heating degree-days-scaled)
- Degree-days used
- 5,432 (NOAA CPC state, population-weighted)
- Wattage
- 3,500 W (typical 1,200–8,000)
- New York rate
- 27.96¢ (October 2025–March 2026 average)
- Rank of 20 cold states
- 5 (5th most expensive)
Why this number
New York runs heat pump longer than the national baseline in October–March — 9.1 hours a day on the NOAA state degree-day scaling used here, against 5.87 nationally — and pays 27.96¢/kWh for it. Those two numbers, times 3,500 W, are the whole $1,623.
Heat pump cost in New York by hours per day — per day / per winter
| Hours per day | New York avg 27.96¢ | Consolidated Edison Co 34.2¢ | Niagara Mohawk Power C 16.7¢ | Long Island Power Auth 24.6¢ |
|---|---|---|---|---|
| 1 h | $0.98 / $178 | $1.20 / $218 | $0.58 / $106 | $0.86 / $157 |
| 2 h | $1.96 / $356 | $2.39 / $436 | $1.17 / $213 | $1.72 / $313 |
| 4 h | $3.91 / $712 | $4.79 / $871 | $2.34 / $426 | $3.44 / $627 |
| 6 h | $5.87 / $1,069 | $7.18 / $1,307 | $3.51 / $638 | $5.17 / $940 |
| 8 h | $7.83 / $1,425 | $9.58 / $1,743 | $4.68 / $851 | $6.89 / $1,254 |
| 12 h | $11.74 / $2,137 | $14.36 / $2,614 | $7.01 / $1,277 | $10.33 / $1,880 |
What New York’s utilities charge for it
| Utility | Residential customers | ¢/kWh (EIA-861 2024) | Per hour | Per winter at 9.1 h/day |
|---|---|---|---|---|
| Consolidated Edison Co-NY Inc | 3,064,038 | 34.2¢ | $1.20 | $1,985 |
| Niagara Mohawk Power Corp. | 1,532,294 | 16.7¢ | $0.58 | $969 |
| Long Island Power Authority | 1,029,955 | 24.6¢ | $0.86 | $1,428 |
What the numbers say about heat pump in New York
New York logged 5,432 population-weighted heating degree-days over October–March (NOAA CPC state series), 155% of the CONUS figure of 3,500, which is why this page runs heat pump 9.1 hours a day against the national 5.87 — 3.2 hours more. At New York’s October 2025–March 2026 average rate of 27.96¢/kWh that makes it the 5th most expensive of the 20 cold states for heat pump: $1,623 for the 182-day winter, against Nebraska’s $603 and Maine’s $2,061. Consolidated Edison Co-NY Inc, New York’s largest utility with 3,064,038 residential customers, averages 34.2¢ — $1,985 for the same hours — while Long Island Power Authority at 24.6¢ comes to $1,428, a $557 spread on identical use. Per million Btu delivered, this unit at the NEEP median COP of 2.17 costs $37.76 against $18.42 for natural gas at New York’s winter average of $1.75/therm, which is the whole-house comparison the New York heating page works through. New York’s winter-average rate (27.96¢) sits 1.94¢ below its July 2026 reading of 29.9¢; the season figure uses the winter average because that is when heat pump runs.
Frequently asked questions
How much does it cost to run heat pump per hour in New York?
$0.98 an hour for a 3,500 W unit at New York’s October 2025–March 2026 average average of 27.96¢/kWh (3,500 ÷ 1,000 × 0.2796); at Consolidated Edison Co-NY Inc’s 34.2¢ it is $1.20.
How much does heat pump cost for the whole winter in New York?
About $1,623: 3,500 W × 9.1 hours a day × 182 days (October–March) × 27.96¢. The hours are the national 5.87 h/day scaled by NOAA CPC state population-weighted HDD, October 2025–March 2026 (5,432 against the CONUS 3,500); enter your own hours above for your own figure.
Is heat pump expensive to run in New York compared with other cold states?
New York is the 5th most expensive of the 20 cold states on this site at $1,623 a winter; the range runs from Nebraska ($603) to Maine ($2,061), driven almost entirely by the electricity rate.
How we calculated this
Worked for heat pump in New York: 3,500 W ÷ 1,000 × 0.2796 $/kWh = $0.98 per hour; hours per day = 5.87 × (5,432 ÷ 3,500) = 9.1; 3,500 ÷ 1,000 × 9.1 × 182 × 0.2796 = $1,623 for the winter. Rate: EIA Electric Power Monthly 5.6.A (October 2025–March 2026 average); degree-days: NOAA CPC state population-weighted HDD, October 2025–March 2026, against the CONUS total; utility prices: EIA-861 2024.Sources: U.S. Energy Information Administration (EIA) electricity rates · DSIRE incentive records · public IRS/OBBBA guidance. Figures are modeled estimates, not quotes or tax advice. See our methodology.
Where to go next
- Cost to run heat pump (national page) — The 3,500 W and 5.87 h/day baseline this page scales for New York, with the sourced benchmark.
- Cost to heat a home in New York — Gas, propane, oil, heat pump and resistance per MMBtu at New York’s own prices — the whole-house picture.
- Find your electricity rate by ZIP — New York averages 27.96¢ but its utilities span the table above — send your own rate into this calculator.
- Solar panel cost in New York — New York’s 29.9¢ July rate, utilities and rate history on the solar side.
- Cost to run space heater in New York — Same New York rates and degree-days applied to a 1,500 W space heater.
- Cost to run ductless mini-split in New York — Same New York rates and degree-days applied to a 2,000 W ductless mini-split.
- Cost to run heat pump in Connecticut — $1,595 for the winter at 28.26¢ and 8.9 h/day — the nearest cold-state comparison.
- Cost to run heat pump in Vermont — $1,701 for the winter at 23.81¢ and 11.2 h/day — the nearest cold-state comparison.