Electricity Rates in Monument, CO
Residents of Monument, CO benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with CORE Electric Cooperative being the largest.
Electricity Providers in Monument
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| CORE Electric Cooperative | 15.0¢/kWh | 12.0¢/kWh | Cooperative |
| Mountain View Elec Assn, Inc | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Monument
At 15.0¢/kWh, a typical Monument household spends approximately $1594.80/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 Monument
Charging an electric vehicle at home in Monument costs approximately $135.00/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 Colorado
Frequently Asked Questions
What is the average electricity rate in Monument, CO?
The average residential electricity rate in Monument, CO is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Monument?
Monument is served by 2 electricity providers. CORE Electric Cooperative is the largest provider in the area, though rates and availability vary by specific address.
How do Monument electricity rates compare to the rest of Colorado?
Monument's average rate of 15.0¢/kWh is close to the Colorado state average of 15.0¢/kWh. Rates are typical for the region.