Home Cost Pulse

Indiana electricity rates and average bill

Residential price, August 2026

Homes in Indiana paid an average of 17.02¢ per kWh in August 2026, 6% below the U.S. average of 18.16¢. That is the 24th highest among the 50 states and D.C. The price is up 5.0% vs August 2025.

The average Indiana home12 months to August 2026
Electricity used per month
929 kWh
U.S. average home
875 kWh
Average monthly bill
$157.12

Same usage at the Aug 2026 price$158.19

Bills are revenue divided by customers, so they include the fixed charges and fees utilities collect.

Price over the last 36 months

13.1¢16.3¢19.5¢Sep 2023Mar 2025Aug 202617.02¢
IndianaU.S. average
Show the monthly numbers
MonthPrice
August 202617.02¢
July 202616.73¢
June 202617.51¢
May 202618.15¢
April 202617.90¢
March 202617.85¢
February 202616.06¢
January 202616.19¢
December 202515.65¢
November 202517.12¢
October 202517.02¢
September 202516.99¢
August 202516.21¢
July 202515.94¢
June 202516.25¢
May 202516.65¢
April 202516.64¢
March 202516.14¢
February 202514.35¢
January 202514.28¢
December 202414.33¢
November 202416.24¢
October 202415.73¢
September 202414.82¢

What everyday things cost in Indiana

At 17.02¢ per kWh, before any fixed monthly charge:

ItemEnergyCost
1,000 kWh
a round reference amount		1,000 kWh$170.20
Central air conditioner
3.5 kW running 8 hours a day for 30 days		840 kWh$142.97
Space heater
1.5 kW running 8 hours a day for 30 days		360 kWh$61.27
Electric car, 1,000 miles
3.5 miles per kWh with 10% charging losses		317 kWh$54.03
Electric clothes dryer
3 kW, twelve one-hour loads		36 kWh$6.13
LED TV
100 W for 5 hours a day for 30 days		15 kWh$2.55

Thermostat-controlled appliances cycle on and off, so real use is often lower. Price your own appliance.

Rooftop solar in Indiana

A 1 kW rooftop system near Indianapolis produces about 1,335 kWh a year, according to the NLR PVWatts model. At Indiana's average price that output is worth about $227 a year per kW. A typical 7 kW system would make about 9,346 kWh, worth about $1,591 a year.

The 30% federal tax credit for solar you buy (Section 25D) ended on December 31, 2025. Work out payback with your own quote.

Estimate your Indiana bill

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Indiana compared with the Midwest

StatePriceAverage bill
North Dakota13.31¢$133
Nebraska13.54¢$122
South Dakota15.15¢$140
Kansas15.47¢$134
Missouri16.02¢$145
Indiana17.02¢$157
Iowa17.06¢$120
Minnesota17.20¢$121
Illinois19.32¢$132
Ohio19.38¢$159
Wisconsin19.41¢$125
Michigan22.99¢$134

Source: U.S. Energy Information Administration (EIA), residential retail sales, latest month August 2026. Average bill and usage: 12 months to August 2026, computed from EIA revenue, sales and customer counts.

Solar: PVWatts v8 by the National Laboratory of the Rockies, 1 kW fixed roof system, 20° tilt, facing south, 14% losses.

How we calculate. Page updated 2026-11-15.