Cost to Heat a Home in Rhode Island: Gas vs Propane vs Heat Pump
In Rhode Island the cheapest heat last winter was natural gas at $22.53 per MMBtu delivered; electric resistance cost $89.21 — EIA prices, October 2025 to March 2026.
· Source: EIA STEO September 2026, Natural Gas Monthly, SHOPP · EPM Table 5.6.A (July 2026 data) · next: EIA Winter Fuels Outlook Oct 6, weekly SHOPP prices from October
On this page: CalculatorTableHow we calculatedSources
Jump to calculator ↓Prefilled with Rhode Island's last-winter EIA averages; the second preset applies EIA's national outlook. Per-unit rates only; leave out the fixed monthly charge.
Advanced — efficiencies, gas unit, COP, seasonal load
Sliders scale the prefilled prices to test sensitivity; the numeric fields stay the precise inputs. Presets:
- Cheapest last winter
- Natural gas · $22.53/MMBtu
- Most expensive
- Electric resistance · $89.21/MMBtu
- Natural gas
- $2.14/therm, winter avg
- Propane
- $3.63/gal (state)
- Heating oil
- $4.11/gal (state)
- Electricity
- 30.44¢/kWh, winter avg
- Heat pump COP basis
- NEEP median, 3.20/2.17/1.90
- Heating degree-days, NOAA state
- 5,254 (Oct 2025–Mar 2026)
- EIA STEO New England division HDD
- 5,608 last · 4,975 forecast
- Federal credit
- §25C ended 31 Dec 2025
Why this number
Rhode Island paid 30.44¢/kWh for electricity last winter — 34 of 35 on this list of 35 cold-weather states — and $2.14 per therm for gas (34 of 35); propane ran $3.63/gal (33 of 35) and heating oil $4.11/gal (31 of 35). Put on one basis, dollars per million Btu delivered, natural gas was the cheapest heat at $22.53 and electric resistance the dearest at $89.21 — a 67-dollar gap per MMBtu, or about $4,001 over a 60-MMBtu season.
Price basis: Rhode Island’s fuel prices are last winter’s measured EIA and SHOPP averages; the this-winter column scales each by EIA’s national STEO change for that fuel — a labelled estimate, not a state forecast.
Rhode Island heating cost per MMBtu, fuel by fuel
| Heating option | $/MMBtu delivered, last winter | Season cost at 60 MMBtu | This winter, EIA outlook applied |
|---|---|---|---|
| Natural gas furnace (95% AFUE) | $22.53 | $1,352 | $20.33 (-10%) |
| Propane furnace (92% AFUE) | $43.13 | $2,588 | $41.11 (-5%) |
| Heating oil boiler (85% AFUE) | $34.95 | $2,097 | $47.01 (+35%) |
| Heat pump at 47°F (COP 3.20) | $27.88 | $1,673 | $28.60 (+3%) |
| Heat pump at 17°F (COP 2.17, NEEP median 3-ton ducted) | $41.11 | $2,467 | $42.18 (+3%) |
| Heat pump at 5°F (COP 1.90) | $46.95 | $2,817 | $48.17 (+3%) |
| Electric resistance (COP 1.00) | $89.21 | $5,353 | $91.52 (+3%) |
The season column is an illustrative 60 MMBtu of delivered heat; in Rhode Island that puts natural gas at $1,352 and electric resistance at $5,353 for the winter. The this-winter column applies EIA’s national STEO change per fuel to Rhode Island’s own price (oil +35% is the large one) — direction, not a state forecast.
The prices behind the table
| Price | Last winter average (Oct 2025–Mar 2026) | Latest published reading | Source and basis |
|---|---|---|---|
| Electricity | 30.44¢/kWh | 28.29¢/kWh (July 2026) | EIA Electric Power Monthly 5.6.A; winter average from the monthly editions |
| Natural gas | $2.14/therm ($22.24/Mcf, 5 of 6 months reported) | $25.75/Mcf (June 2026, shoulder-season price) | EIA Natural Gas Monthly, residential price by state; 1 Mcf = 10.38 therms |
| Heating oil | $4.11/gal | $5.80/gal (week of 2026-03-30) | EIA SHOPP weekly survey, Rhode Island, Oct 2025–Mar 2026 average |
| Propane | $3.63/gal | $3.76/gal (week of 2026-03-30) | EIA SHOPP weekly survey, Rhode Island, Oct 2025–Mar 2026 average |
Rhode Island’s winter gas average ($22.24/Mcf) sits close to its June figure ($25.75), so the seasonal fixed-charge effect that distorts most states’ summer prices is small here.
What Rhode Island’s utilities charge
| Utility (largest by customers) | Residential customers | ¢/kWh (EIA-861 2024) | Resistance $/MMBtu | Heat pump at 17°F $/MMBtu |
|---|---|---|---|---|
| The Narragansett Electric Co | 451,381 | 25.1¢ | $73.56 | $33.90 |
| NextEra Energy Services, LLC | 85,764 | 11.6¢ | $34.00 | $15.67 |
| SmartEnergy Holdings, LLC | 8,190 | 16.2¢ | $47.48 | $21.88 |
The statewide 30.44¢ hides a 13.5¢ spread between Rhode Island’s largest utilities, worth $39.56 per MMBtu on resistance heat and $18.23 on a heat pump. The ZIP lookup finds yours.
How Rhode Island homes are heated
| Main heating fuel | Rhode Island homes | US homes |
|---|---|---|
| Natural gas (utility) | 53.4% | 46.8% |
| Electricity | 12.1% | 40.8% |
| Propane (bottled, tank or LP gas) | 4.9% | 4.9% |
| Heating oil or kerosene | 27.2% | 4.1% |
| Wood | 1.2% | 1.4% |
Natural gas heats 53.4% of Rhode Island’s 436,902 occupied homes against 46.8% nationally, with electricity at 12.1%, propane at 4.9% and heating oil at 27.2%. That lines up with the table above: natural gas was also Rhode Island’s cheapest heat last winter at $22.53 per MMBtu.
What the numbers say about Rhode Island
At last winter’s average prices, the cheapest way to heat a home in Rhode Island was natural gas at about $23 per million Btu delivered, and the most expensive was electric resistance at $89 — a 4.0× spread between the two columns. Gas beat a cold-climate heat pump at 17°F (COP 2.17) by $18.58/MMBtu, and at 47°F (COP 3.2, $27.88) the heat pump still trails. At Rhode Island’s winter rates the economic balance point lands above 47°F (COP 3.96 needed against 3.20 available), so the furnace is cheaper at every rated temperature. Heating oil averaged $4.11/gal across 26 SHOPP survey weeks and finished the season at $5.80 on March 30, 2026; EIA’s September outlook puts national oil +35% for this winter, which would carry Rhode Island’s figure to roughly $47/MMBtu. Propane averaged $3.63/gal in the state survey, with a national -5% outlook for this winter.
Heating degree-days: Rhode Island’s own figure and the EIA division forecast
Rhode Island itself logged 5,254 population-weighted heating degree-days from October 2025 to March 2026 (NOAA Climate Prediction Center state series, base 65°F), against 3,500 for the contiguous US. The month-by-month table below is a different, coarser series — EIA STEO New England census division degree-days, the only one with a forecast for the coming winter; it groups Rhode Island with its neighbours and is not a Rhode Island figure:
| Last winter (actual) | HDD | This winter (STEO forecast) | HDD |
|---|---|---|---|
| Oct 2025 | 382 | Oct 2026 | 400 |
| Nov 2025 | 757 | Nov 2026 | 670 |
| Dec 2025 | 1,175 | Dec 2026 | 964 |
| Jan 2026 | 1,290 | Jan 2027 | 1,125 |
| Feb 2026 | 1,163 | Feb 2027 | 964 |
| Mar 2026 | 841 | Mar 2027 | 852 |
| Oct–Mar total | 5,608 | Oct–Mar total | 4,975 |
January in the EIA New England census division (the coarse series that groups Rhode Island with its neighbours) averaged about 23°F last winter (65°F minus degree-days per day) and is forecast at 29°F for January 2027, a season move of -633 degree-days. Degree-days set how much heat Rhode Island needs, the table above sets the price per unit, and the bill jump calculator multiplies the two.
Heating oil prices in Rhode Island
EIA’s weekly SHOPP survey priced residential No. 2 heating oil in Rhode Island at $3.64/gal in the first October week of the 2025-26 season and $5.80 in the final March week — a season average of $4.11, low $3.61, high $5.81, against a national average of $4.01. The survey resumes in October 2026; the weekly tracker carries every state.
| Survey week | Rhode Island $/gal | US $/gal | Rhode Island vs US |
|---|---|---|---|
| Oct 6, 2025 | $3.64 | $3.56 | +0.084 |
| Oct 13, 2025 | $3.64 | $3.54 | +0.095 |
| Oct 20, 2025 | $3.61 | $3.53 | +0.084 |
| Oct 27, 2025 | $3.75 | $3.60 | +0.155 |
| Nov 3, 2025 | $3.77 | $3.63 | +0.133 |
| Nov 10, 2025 | $3.84 | $3.72 | +0.119 |
| Nov 17, 2025 | $3.89 | $3.76 | +0.127 |
| Nov 24, 2025 | $3.88 | $3.79 | +0.090 |
| Dec 1, 2025 | $3.79 | $3.74 | +0.055 |
| Dec 8, 2025 | $3.81 | $3.73 | +0.074 |
| Dec 15, 2025 | $3.74 | $3.70 | +0.040 |
| Dec 22, 2025 | $3.69 | $3.65 | +0.039 |
| Dec 29, 2025 | $3.69 | $3.65 | +0.042 |
| Jan 5, 2026 | $3.66 | $3.64 | +0.016 |
| Jan 12, 2026 | $3.64 | $3.62 | +0.015 |
| Jan 19, 2026 | $3.70 | $3.67 | +0.037 |
| Jan 26, 2026 | $3.93 | $3.84 | +0.086 |
| Feb 2, 2026 | $4.14 | $4.05 | +0.088 |
| Feb 9, 2026 | $4.12 | $4.07 | +0.047 |
| Feb 16, 2026 | $4.10 | $4.07 | +0.030 |
| Feb 23, 2026 | $4.18 | $4.10 | +0.075 |
| Mar 2, 2026 | $4.46 | $4.27 | +0.187 |
| Mar 9, 2026 | $5.34 | $5.09 | +0.247 |
| Mar 16, 2026 | $5.36 | $5.17 | +0.189 |
| Mar 23, 2026 | $5.81 | $5.57 | +0.247 |
| Mar 30, 2026 | $5.80 | $5.54 | +0.267 |
Where the heat pump crosses over in Rhode Island
At last winter’s averages of 30.44¢/kWh and $2.14/therm, a heat pump beats a 95% gas furnace whenever its COP exceeds 3.96. Rhode Island’s economic balance point on the NEEP median curve is above 47°F (COP 3.96 needed against 3.20 available), so the furnace is cheaper at every rated temperature; the crossover tool runs seven named units at Rhode Island’s prices and the dual-fuel calculator turns the answer into a changeover setting.
From October 6 the EIA Winter Fuels Outlook adds household expenditure by region and the weekly SHOPP survey restarts, giving Rhode Island fresh state propane and heating-oil readings on the weekly tracker .
Frequently asked questions
What is the cheapest way to heat a home in Rhode Island?
On last winter’s EIA average prices, natural gas at about $22.53 per million Btu delivered, against heating oil at $34.95 and a cold-climate heat pump at $41.11. Rhode Island’s ranking uses a 95% gas furnace, 92% propane furnace, 85% oil boiler and a heat pump at COP 2.17; it is per unit of heat, so Rhode Island’s fixed monthly charges and equipment prices sit outside it.
Is a heat pump cheaper than gas in Rhode Island?
At Rhode Island’s last-winter averages of 30.44¢/kWh and $2.14/therm, a heat pump needs a COP above 3.96 to beat a 95% furnace. Against Rhode Island’s required COP 3.96, the NEEP medians (3.20/2.17/1.90 at 47/17/5°F) mean the heat pump loses at every rating point in Rhode Island; the balance point is above 47°F (COP 3.96 needed against 3.20 available), so the furnace is cheaper at every rated temperature.
How much will heating oil and propane cost in Rhode Island this winter?
Nobody publishes a Rhode Island forecast; applying EIA’s September STEO national changes (+35% oil, -5% propane) to Rhode Island’s last-winter $4.11 and $3.63 per gallon gives roughly $5.53 and $3.46 — the ’this winter’ column. Rhode Island’s weekly SHOPP readings resume in October; the Winter Fuels Outlook (October 6) adds household expenditure on top.
Where do the Rhode Island prices on this page come from?
30.44¢/kWh is the EIA Electric Power Monthly average for Rhode Island over the October 2025–March 2026 editions (28.29¢ in July 2026); the share of homes on each heating fuel is Census ACS 2019–2023 5-year table B25040; $22.24/Mcf is the Natural Gas Monthly winter average (5 months), converted at 10.38 therms per Mcf; oil $4.11 and propane $3.63 per gallon are SHOPP state season averages; degree-days are the STEO New England series. Only the ’this winter’ column is an estimate.
How we calculated this
Worked for Rhode Island at last winter’s averages: gas 10 × $2.14 ÷ 0.95 = $22.53/MMBtu; propane 10 × ($3.63 ÷ 0.91452) ÷ 0.92 = $43.13; oil 10 × ($4.11 ÷ 1.385) ÷ 0.85 = $34.95; resistance 293.07 × 0.3044 = $89.21; heat pump $89.21 ÷ 2.17 = $41.11. The this-winter column multiplies each by EIA’s national STEO change for that fuel (electricity ×1.026, gas ×0.903, propane ×0.953, oil ×1.345).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
- Winter heating cost hub: gas vs propane vs oil vs electric — The national table, the arithmetic behind every row here, and all {len(COLD)} state pages.
- Propane vs oil heat cost — Rhode Island’s two delivered fuels head to head, with the break-even price.
- Oil vs heat pump cost — Whether a cold-climate heat pump beats a 85% oil boiler at Rhode Island’s electricity price.
- Gas vs heat pump heating cost — The COP a heat pump needs to beat gas at $2.14/therm.
- Propane vs heat pump cost — Propane at $3.63/gal against a heat pump at 30.44¢/kWh.
- Electric vs gas heat cost — Resistance heat versus gas across every state with a published gas price.
- Propane vs electric heat cost — Propane at $3.63/gal against resistance strips at 30.44¢/kWh.
- Heating oil and propane prices by state (weekly tracker) — Every SHOPP weekly reading behind Rhode Island’s oil and propane figures, with season lows, highs and trend lines.
- Heat pump crossover temperature — Seven named NEEP units at 30.44¢ and $2.14/therm — Rhode Island needs COP 3.96 to beat gas.
- Dual-fuel switchover calculator — Turns Rhode Island’s balance point (above 47°F (COP 3.96 needed against 3.20 available)) into a thermostat changeover setting.
- Heat pump sizing estimator — Rhode Island sits in IECC zone 5A; a January mean near 23°F is the design context for capacity.
- Why is my electric bill so high? — Splits a Rhode Island bill jump into weather (5,608 degree-days last winter), rate and usage.
- Solar panel cost in Rhode Island — The same 28.29¢/kWh July rate driving payback, utilities and rate history for Rhode Island.
- Cost to heat a home in Pennsylvania — Cold-state neighbour on this list: cheapest heat there was natural gas at $15.68/MMBtu.
- Cost to heat a home in Illinois — Cold-state neighbour on this list: cheapest heat there was natural gas at $11.58/MMBtu.