Electricity Rates in Homestead, FL
Residents of Homestead, FL benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 3 electricity providers, with Florida Power & Light Co being the largest.
Electricity Providers in Homestead
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Homestead - (FL) | 12.0¢/kWh | 11.0¢/kWh | Municipal |
| Florida Keys El Coop Assn, Inc | 13.0¢/kWh | 14.0¢/kWh | Cooperative |
| Florida Power & Light Co | 14.0¢/kWh | 11.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Homestead
At 13.0¢/kWh, a typical Homestead household spends approximately $1382.16/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 Homestead
Charging an electric vehicle at home in Homestead costs approximately $117.00/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 Florida
Frequently Asked Questions
What is the average electricity rate in Homestead, FL?
The average residential electricity rate in Homestead, FL is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Homestead?
Homestead is served by 3 electricity providers. Florida Power & Light Co is the largest provider in the area, though rates and availability vary by specific address.
How do Homestead electricity rates compare to the rest of Florida?
Homestead's average rate of 13.0¢/kWh is 13.3% below the Florida state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.