U.S. residential electricity EIA data: July 2026 US average 18.3¢/kWh Updated

Heating · Colorado

How Much Does It Cost to Run an Oil-Filled Radiator in Colorado?

The short answer

In Colorado, an oil-filled radiator drawing 1,500W costs about $0.18 per hour — roughly $43.44 a month if it runs 8 hours a day.

The estimate uses Colorado’s average residential electricity price of 17.0¢/kWh from EIA (July 2026) — 7% below the national average.

Source: U.S. EIA, July 2026 data · Updated

Oil-Filled Radiator cost by daily use in Colorado

Cost at 17.0¢/kWh, the Colorado average (EIA, Jul 2026)
Daily usekWh/monthPer dayPer monthPer year
1 hour/day 31.9 $0.18 $5.43 $65.15
2 hours/day 63.9 $0.36 $10.86 $130
4 hours/day 127.8 $0.71 $21.72 $261
8 hours/day 255.5 $1.43 $43.44 $521
12 hours/day 383.3 $2.14 $65.16 $782
24 hours/day 766.6 $4.28 $130 $1,564

Colorado vs other states

At typical use, an oil-filled radiator costs $521 a year in Colorado — $950 less than in Hawaii and $131 more than in Louisiana.

Colorado has the 22nd-most-expensive residential electricity of the 50 states and DC. Colorado electricity rates · all states ranked

Electricity price trend in Colorado

17.0¢/kWh in July 2026 — ▲ +6.3% from a year earlier.

How to lower the cost of running an oil-filled radiator

An oil-filled radiator heats sealed-in oil, which then releases heat slowly through the fins. It is not more efficient than a fan heater — electricity to heat is still about 1:1 — but the stored heat means the thermostat switches the element off for longer stretches once the room is warm. We assume the element is on about 70% of the time, so a 1,500W radiator averages roughly 1.05 kWh per hour of use. Expect the real number to be higher in a cold, drafty room and lower in a well-insulated one.

  • Set the thermostat dial to the lowest comfortable setting and let the oil do the work.
  • Place it near the coldest wall or under a window, away from furniture that blocks the fins.
  • Switch to the lower power setting (600–900W) once the room is up to temperature.
  • Winters in Colorado are long, so heating appliances often run more hours here than the national default — adjust the hours above to match your home.

Questions

Frequently asked questions

How much does it cost to run an oil-filled radiator for 24 hours in Colorado?

Running a 1,500W oil-filled radiator for 24 hours uses about 25.2 kWh, which costs about $4.28 at Colorado’s average rate of 17.0¢/kWh.

How many kWh does an oil-filled radiator use per month?

At 8 hours a day, a typical oil-filled radiator uses about 256 kWh a month. In Colorado that costs $43.44.

Is it expensive to run an oil-filled radiator in Colorado?

Colorado has the 22nd-most-expensive residential electricity of the 50 states and DC at 17.0¢/kWh — close to the middle of the pack. Running an oil-filled radiator here costs about $521 a year at typical use, compared with $561 at the national average rate.

What is the electricity rate in Colorado right now?

The average residential electricity rate in Colorado was 17.0¢ per kWh in July 2026, according to the latest EIA data — up 6.3% from a year earlier.

Are oil-filled heaters cheaper to run than fan heaters?

Per watt, no — both convert electricity to heat at about 100%. In practice an oil-filled radiator often uses a little less because its thermostat cycles off for longer once the oil is hot.

Sources & method