Electric Consumer

Editor: Katerine G., Editor & Data Researcher · Research & publishing: Electric Consumer Editorial Team · Data retrieved · Sources named on this page: EIA-861, EIA retail sales, EIA-860/923, Census ACS, NOAA · How we got these numbers · Report an error

Cost to heat a home in Indiana: electricity vs gas

With electricity at 16.23 cents per kWh and natural gas at $11.49 per Mcf in 2025, one MMBtu of heat costs $11.67 from a gas furnace, $15.86 from a heat pump and $47.57 from resistance heating in Indiana.

Your Indiana heating cost

    Indiana inputs: 16.23 ¢ per kWh, $11.49 per Mcf, fuel only; the need is an illustration. Method.

    The numbers

    Electricity 2025
    16.23 ¢/kWhrank 16 of 45 states by price
    Natural gas 2025
    $11.49 per Mcfrank 32 of 45 states by gas price
    Gas furnace
    $11.67 per MMBtu95% efficiency, rank 32 of 45
    Heat pump
    $15.86 per MMBturank 30 of 45 states, COP 3.0 assumed
    Electric resistance
    $47.57 per MMBtu4.1 times a furnace
    Break-even COP
    4.07a heat pump above it beats gas; rank 33 of 45
    Annual cost at 50 MMBtu
    $793 heat pumpfuel only
    Homes heated by electricity
    31%59% utility gas, 7% propane, 1% oil
    Electricity since 2024
    +9.9%
    Gas since 2024
    +20.9%
    2026 to date
    power +7.5%, gas +3.1%January to Jul against 2025
    Winter load
    +61% over spring and fallsummer +60%: a winter-peaking state
    Heating degree-days, normal year
    5,9411991 to 2020; 2025 had 5,587, rank 20 of 42 states by normal HDD
    Occupied homes in Indiana (ACS 2023)
    2,681,537824,332 electric, 1,577,573 utility gas, 195,117 propane, 15,346 oil; 8 of 92 counties are over half electric
    Generating capacity in Indiana
    33,294 MWEIA-860 2025; 2,351 MW under construction

    Indiana charts

    One MMBtu of heat in Indiana

    $11.67 gas, $15.86 heat pump, $47.57 resistance.

    $ per MMBtu

    • Electric resistance47.6
    • Heat pump, COP 3.015.9
    • Gas furnace, 95%11.7

    Indiana, Cost of one MMBtu of heat in Indiana: EIA retail sales and natural gas prices.

    CSV

    Prices since 2015, Indiana

    Electricity $47.57 and gas $11 per MMBtu of energy in 2025.

    Fuel cost per MMBtu, Indiana, 2015 to 2025: 11 rows
    YearIndiana electricityIndiana gas
    201533.98.6
    201634.67.6
    201736.08.6
    201835.98.4
    201936.98.4
    202037.68.3
    202139.29.7
    202242.811.2
    202343.811.2
    202443.39.2
    202547.611.1

    11 rows from EIA retail sales and natural gas prices.

    CSV

    How Indiana heats

    31% electric.

    % of homes

    • Electricity30.7
    • Utility gas58.8
    • Propane7.3
    • Fuel oil0.6
    • Wood1.6

    Indiana, How Indiana homes are heated: Census ACS 2023, table B25040.

    CSV

    Break-even COP by month, Indiana

    1.75 to 4.74 across the months shown.

    Break-even COP by month, Indiana: 12 rows
    Month20252026
    Jan4.744.66
    Feb4.414.15
    Mar4.084.12
    Apr3.853.57
    May3.473.82
    Jun1.752.06
    Jul2.012.00
    Aug1.90No data
    Sep2.19No data
    Oct3.37No data
    Nov4.44No data
    Dec4.48No data

    12 rows from EIA retail sales.

    CSV

    How Indiana homes heat

    Indiana main fuelIndiana homesIndiana shareIndiana rank among states
    Electricity824,33230.7%25 of 45
    Utility gas1,577,57358.8%16 of 45
    Propane195,1177.3%15 of 45
    Fuel oil15,3460.6%23 of 45
    Wood42,0831.6%20 of 45

    Indiana has 33,294 MW of operable generating capacity (EIA-860, 2025), largest in coal at 13,731 MW; 2,351 MW is under construction and 3,732 MW planned, which matters if heat pumps add winter load.

    27 Indiana utilities report meters to EIA-861: 80.5% of 3,094,355 home meters are smart (AMI), 17 offer a home time-of-use rate and 98,812 homes are on dynamic pricing.

    Indiana counties by electric heating

    Largest electric share first, then the smallest; 20 counties.

    Indiana countyIndiana residentsIndiana electric heatIndiana utility gasIndiana propaneIndiana median income
    Jennings County27,58465%13%12%$68,476
    Jefferson County33,07464%25%5%$59,987
    Scott County24,46863%25%7%$54,583
    Jackson County46,31958%27%8%$70,208
    Washington County28,16751%23%15%$61,358
    Harrison County39,78551%19%22%$72,468
    Clay County26,43151%31%11%$67,676
    Monroe County139,82247%45%6%$63,372
    Vigo County106,20147%45%5%$52,525
    Clark County122,80044%49%5%$72,298
    St. Joseph County272,57415%81%2%$64,885
    Steuben County34,64814%61%21%$71,483
    Elkhart County206,86813%81%3%$65,617
    Marshall County46,22513%70%12%$68,041
    Jasper County33,19812%62%23%$79,634
    LaGrange County40,59612%53%22%$83,741
    Lake County498,99010%86%2%$68,985
    Porter County174,15010%87%2%$85,828
    Starke County23,30010%67%19%$62,933
    LaPorte County112,1419%83%6%$70,452

    Indiana month by month

    MonthIndiana electricity ¢/kWhIndiana gas $/McfHeat pump $/MMBtuGas furnace $/MMBtuIndiana break-even COP
    Jul 202616.73$24.12$16.3$24.52.00
    Jun 202617.51$24.52$17.1$24.92.06
    May 202618.15$13.70$17.7$13.93.82
    Apr 202617.90$14.45$17.5$14.73.57
    Mar 202617.85$12.49$17.4$12.74.12
    Feb 202616.06$11.17$15.7$11.34.15
    Jan 202616.19$10.03$15.8$10.24.66
    Dec 202515.91$10.25$15.5$10.44.48
    Nov 202517.41$11.31$17.0$11.54.44
    Oct 202517.34$14.86$16.9$15.13.37
    Sep 202517.33$22.85$16.9$23.22.19
    Aug 202516.47$25.06$16.1$25.51.90
    Jul 202516.18$23.21$15.8$23.62.01
    Jun 202516.48$27.20$16.1$27.61.75
    May 202516.90$14.04$16.5$14.33.47
    Apr 202516.89$12.66$16.5$12.93.85
    Mar 202516.40$11.59$16.0$11.84.08
    Feb 202514.64$9.57$14.3$9.74.41
    Jan 202514.55$8.85$14.2$9.04.74

    Heating season

    A normal year in Indiana brings 5,941 heating degree-days and 887 cooling degree-days (1991 to 2020). Months above 300 heating degree-days in a normal year: Jan, Feb, Mar, Apr, Oct, Nov, Dec. 2025 had 5,587, 6% below normal; the highest of 2015 to 2025 was 5,801 in 2018.

    Indiana degree-days by year

    Heating and cooling degree-days, Indiana, 2015 to 2025: 11 rows
    Indiana yearHeating (HDD)Cooling (CDD)Normal HDDNormal CDD
    201556058765941887
    2016513311075941887
    201749868385941887
    2018580111735941887
    2019572510065941887
    202052799195941887
    2021527310285941887
    202257469865941887
    202348218365941887
    2024473110385941887
    2025558710475941887

    NOAA nClimDiv degree-days for Indiana, 2015 to 2025, pulled 2 Oct 2026.

    CSV

    Heating degree-days by month

    Heating degree-days by month, Indiana: 12 rows
    Month2025Normal
    Jan13231204
    Feb9791016
    Mar591805
    Apr381437
    May194188
    Jun725
    Jul03
    Aug1413
    Sep4978
    Oct262364
    Nov691720
    Dec10961088

    NOAA nClimDiv degree-days for Indiana by month, 2025.

    CSV
    Indiana, 2025 by month: 12 rows
    MonthHDD 2025HDD normalCDD 2025CDD normal
    Jan1,3231,20400
    Feb9791,01600
    Mar59180572
    Apr38143722
    May1941885368
    Jun725255186
    Jul03384288
    Aug1413207237
    Sep497811994
    Oct2623642010
    Nov69172000
    Dec1,0961,08800

    NOAA nClimDiv degree-days for Indiana, 2025 by month.

    CSV

    Analyst note

    Gas price change stands out in Indiana: +20.9% since 2024, rank 2 of 45. Main heating fuel in Indiana is utility gas (59% of homes); electricity heats 31% and utility gas 59%. Since 2024 electricity moved +9.9% and gas +20.9%; in 2026 to date power is +7.5% and gas +3.1% on a year earlier. A COP 3.0 heat pump trails a furnace here by $4.18 per MMBtu; the break-even COP of 4.07 ranks 33 of 45. The most electric counties of Indiana with 20,000+ residents are led by Jennings County at 65% of homes. A normal Indiana year has 5,941 heating degree-days, and 2025 had 5,587, so heating demand ran 6% below the 1991 to 2020 normal.

    States with a similar break-even

    State near IndianaBreak-even COP near IndianaGas, $ per MMBtuHeat pump, $ per MMBtu
    Colorado4.09$11.35$15.48
    Minnesota4.16$11.16$15.45
    Montana4.16$9.13$12.68
    South Dakota3.91$10.02$13.07
    California4.26$22.36$31.79
    New York4.33$17.86$25.78

    Questions on heating in Indiana

    How fast did Indiana gas prices move since 2024?

    +20.9% from $9.50 to $11.49 per Mcf, rank 2 of 45 states by change.

    Is a heat pump cheaper than gas in Indiana?

    No on fuel cost: $15.86 per MMBtu against $11.67 for gas, break-even COP 4.07.

    Which Indiana county has the most electric heating?

    Jennings County: 65% of 10,760 homes among counties with 20,000+ residents, median income $68,476.

    What share of Indiana homes heat with electricity?

    31% of 2,681,537 occupied homes in ACS 2023, against 59% with utility gas.

    Where does Indiana rank on heat pump cost?

    30 of 45 at $15.86 per MMBtu; North Dakota is lowest at $11.54.

    Is Indiana a winter or summer electricity state?

    Winter use runs +61% over spring and fall, summer +60%: heating drives the load.

    Did gas or electricity get more expensive in Indiana in 2026?

    January to Jul: electricity +7.5%, gas +3.1% on a year earlier.

    How much generating capacity does Indiana have?

    33,294 MW operable in 2025, 2,351 MW under construction, 3,732 MW planned (EIA-860).

    How many Indiana homes have smart meters?

    80.5% of 3,094,355 home meters, 17 of 27 reporting utilities offer time-of-use.

    More on Indiana

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    With electricity at 16.23 cents per kWh and natural gas at $11.49 per Mcf in 2025, one MMBtu of heat costs $11.67 from a gas furnace, $15.86 from a heat pump and $47.57…