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Cost to run a heat pump in Maryland (August 2026 rates)

At 21.40¢ per kilowatt-hour — Maryland's average residential price in August 2026 — running a heat pump costs $462 a year. That is 18% more than the national average of $392. Maryland's residential rate is up 7.6% from August 2025, which moves this appliance from $430 to $462 a year.

Per hour
30.8¢
Per day of use
$3.08
Per month
$38.52
Per year
$462

Assumption: 2,400 W at a 60% duty cycle, 10 hours a day, 150 days a year — 2,160 kWh a year. A mid-size ducted heat pump in heating mode. It moves heat rather than making it, delivering two to four units of heat per unit of electricity until the outdoor temperature drops far enough to trigger backup resistance strips. Use the calculator to swap in the numbers from your own model.

Related calculators: compare it against electric baseboard, and test a quote.

How Maryland compares

Maryland pays 21.40¢/kWh, the 15th most expensive residential electricity of the 51 U.S. jurisdictions EIA reports. For this appliance that works out to $69.98 more a year than the typical U.S. household pays for the same use. Running the same heat pump costs $275 a year in Nevada and $1,019 in Hawaii, so where you live changes this bill by $744 a year.

StateRatePer monthPer year
Ohio19.38¢$34.88$419
Wisconsin19.41¢$34.94$419
Maryland21.40¢$38.52$462
Pennsylvania21.77¢$39.19$470
Michigan22.99¢$41.38$497

States ranked by average residential price, cheapest first. See all 51 states for a heat pump.

What else costs about the same in Maryland

Cutting the number down

Questions

How much does a heat pump cost per month in Maryland?
About $38.52 a month, assuming 2,400 W at a 60% duty cycle, 10 hours a day, 150 days a year at 21.40¢/kWh.
How many kilowatt-hours does a heat pump use?
Roughly 2,160 kWh a year under these assumptions, or 1.44 kWh for every hour it runs.
Is that expensive compared with other states?
Maryland has the 15th most expensive average residential rate in the country, so this appliance costs more here than the U.S. average of $392 a year.