Electricity Rates in Rico, CO
The average residential electricity rate in Rico, CO is 16.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 6.7% above the Colorado state average.
Electricity Providers in Rico
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Empire Electric Assn, Inc | 15.0¢/kWh | 11.0¢/kWh | Cooperative |
| San Miguel Power Assn, Inc | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Rico
At 16.0¢/kWh, a typical Rico household spends approximately $1701.12/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 Rico
Charging an electric vehicle at home in Rico costs approximately $144.00/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 Rico, CO?
The average residential electricity rate in Rico, CO is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Rico?
Rico is served by 2 electricity providers. Empire Electric Assn, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Rico electricity rates compare to the rest of Colorado?
Rico's average rate of 16.0¢/kWh is 6.7% above the Colorado state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.