Electricity Rates in Fairbanks, AK
Electricity rates in Fairbanks, AK average 30.0¢/kWh — 68.7% above the national average of 17.78¢/kWh. Golden Valley Elec Assn Inc is the primary electricity provider in the area.
Electricity Providers in Fairbanks
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Golden Valley Elec Assn Inc | 30.0¢/kWh | 29.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 30.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Fairbanks
At 30.0¢/kWh, a typical Fairbanks household spends approximately $3189.60/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Fairbanks
Charging an electric vehicle at home in Fairbanks costs approximately $270.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Alaska
Frequently Asked Questions
What is the average electricity rate in Fairbanks, AK?
The average residential electricity rate in Fairbanks, AK is 30.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $265.80 for a typical household.
Who provides electricity in Fairbanks?
Fairbanks is served by 1 electricity provider. Golden Valley Elec Assn Inc is the largest provider in the area.
How do Fairbanks electricity rates compare to the rest of Alaska?
Fairbanks's average rate of 30.0¢/kWh is 33.3% below the Alaska state average of 45.0¢/kWh. Residents enjoy some of the lower rates in the state.