Electricity Rates in Caraway, AR
Residents of Caraway, AR benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. The city is served by 3 electricity providers, with Craighead Electric Coop Corp being the largest.
Electricity Providers in Caraway
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Craighead Electric Coop Corp | 12.0¢/kWh | 13.0¢/kWh | Cooperative |
| Entergy Arkansas LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Mississippi County Electric Co | 8.0¢/kWh | 9.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Caraway
At 11.0¢/kWh, a typical Caraway household spends approximately $1169.52/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 Caraway
Charging an electric vehicle at home in Caraway costs approximately $99.00/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 Arkansas
Frequently Asked Questions
What is the average electricity rate in Caraway, AR?
The average residential electricity rate in Caraway, AR is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Caraway?
Caraway is served by 3 electricity providers. Craighead Electric Coop Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Caraway electricity rates compare to the rest of Arkansas?
Caraway's average rate of 11.0¢/kWh is 15.4% below the Arkansas state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.