Indiana electricity and natural gas rates
Electricity
18.15¢
per kWh
Natural gas
$1.32
per therm
Residential sector, US Energy Information Administration, 2026-05. Updated monthly.
How Indiana compares
At 18.15¢ per kWh, Indiana is below the national average of 19.41¢, making it the 32nd cheapest of the 51 states we track.
What a typical Indiana household uses
Electricity a month
947 kWh
Bill a month
$159
Households in Indiana use 10% more electricity than the national average and pay 6% more than average. Cheap power absorbs most of that: the meter turns faster here, but at 18.15¢ each unit costs less than it does nationally. The climate is fairly balanced — 5,500 heating degree days against 1,000 cooling ones — so neither season dominates the bill.
Averaged over twelve months across 3,034,346 residential accounts in Indiana. Source: EIA.
What this means for heating
Indiana sees around 125 freezing nights a year. Whether a heat pump beats a furnace here depends on the gap between those two prices above — not on the equipment.
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