EIA data · NH
New Hampshire: what each way of heating costs
The short answer
In New Hampshire, electricity averaged 26.95¢/kWh (8.9¢ above the US average). That puts mini-split heat at about $27 per million BTU at rated efficiency, versus $20 for natural gas. A heat pump loses on fuel cost at rated efficiency, and loses at 5°F.
Fuel prices are EIA SEDS 2024 residential averages per million BTU of fuel, divided by 90% furnace/boiler efficiency. Electricity is the EIA trailing-twelve-month residential average. Heat pump efficiency: ENERGY STAR median cold-climate system, HSPF2 10 (COP 2.93) rated, COP 2 at 5°F.
Cities in New Hampshire
| City | 99% design temp | Heat pump $/yr | Gas $/yr | Oil $/yr | Propane $/yr |
|---|---|---|---|---|---|
| Concord | 5°F | $2,042 | $1,313 | $1,758 | $2,395 |
| Manchester | 9°F | $1,872 | $1,226 | $1,642 | $2,236 |
Keep going
- Cost-to-heat calculator: put in a ZIP for your own number instead of a state average.
- All city estimates, sizing by design temperature and incentives.
- States with a similar electricity price: Connecticut, New York, Maine, Vermont.
Questions people ask
What is the electricity price in New Hampshire?
EIA reports a residential average of 26.95¢/kWh for New Hampshire over September 2025 to August 2026; the latest month, August 2026, was 27.64¢/kWh. The US average over the same twelve months was 18.04¢/kWh.
Is a heat pump cheaper than natural gas in New Hampshire?
Per million BTU of delivered heat, a heat pump at its rated HSPF2 costs about $27 versus $20 for natural gas at 90% efficiency. At 5°F, when efficiency is lowest, the heat pump costs about $39 per million BTU.