Electricity Rates in Magnolia, DE
Magnolia, DE is in a deregulated electricity market with 3 providers available. The average residential rate is 14.0¢/kWh, 7.7% above the Delaware average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Magnolia
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Dover - (DE) | 16.0¢/kWh | 13.0¢/kWh | Municipal |
| Delaware Electric Cooperative | 14.0¢/kWh | 14.0¢/kWh | Cooperative |
| Delmarva Power | 12.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Magnolia
At 14.0¢/kWh, a typical Magnolia household spends approximately $1488.48/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 Magnolia
Charging an electric vehicle at home in Magnolia costs approximately $126.00/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 Delaware
Frequently Asked Questions
What is the average electricity rate in Magnolia, DE?
The average residential electricity rate in Magnolia, DE is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Magnolia?
Magnolia is served by 3 electricity providers. Delmarva Power is the largest provider in the area, though rates and availability vary by specific address.
How do Magnolia electricity rates compare to the rest of Delaware?
Magnolia's average rate of 14.0¢/kWh is 7.7% above the Delaware state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.