Electricity Rates in Payneway, AR
Residents of Payneway, AR benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 3 electricity providers, with Craighead Electric Coop Corp being the largest.
Electricity Providers in Payneway
| 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 |
| Woodruff Electric Coop Corp | 11.0¢/kWh | 10.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Payneway
At 12.0¢/kWh, a typical Payneway household spends approximately $1275.84/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 Payneway
Charging an electric vehicle at home in Payneway costs approximately $108.00/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 Payneway, AR?
The average residential electricity rate in Payneway, AR is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Payneway?
Payneway 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 Payneway electricity rates compare to the rest of Arkansas?
Payneway's average rate of 12.0¢/kWh is 7.7% below the Arkansas state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.