How deep is the well, how much pressure are you delivering at the top of the well and how much water are you trying to pump (in GPM)?
A domestic well, even one that is very deep, shouldn’t kill you on electric bills unless the pump setup is mis-designed.
Our well is something over 300’ down. I’m wondering if the pump isn’t good. Just a guess. We had the new well dug about 4 years ago. Seems like we’re using a lot more electricity now. I’m not sure of the GPM output. Our water comes out of the facet ok, nothing great though. I think it’s a bit on the slow side.