Electricity Rates in Lake placid, FL
The average residential electricity rate in Lake placid, FL is 16.0¢/kWh based on 2024 EIA data. The city is served by 3 utility providers. This is 6.7% above the Florida state average.
Electricity Providers in Lake placid
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Florida, LLC | 17.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Glades Electric Coop, Inc | 17.0¢/kWh | 21.0¢/kWh | Cooperative |
| Lee County Electric Coop, Inc - (FL) | 14.0¢/kWh | 11.0¢/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 Lake placid
At 16.0¢/kWh, a typical Lake placid 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 Lake placid
Charging an electric vehicle at home in Lake placid 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 Florida
Frequently Asked Questions
What is the average electricity rate in Lake placid, FL?
The average residential electricity rate in Lake placid, FL 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 Lake placid?
Lake placid is served by 3 electricity providers. Duke Energy Florida, LLC is the largest provider in the area, though rates and availability vary by specific address.
How do Lake placid electricity rates compare to the rest of Florida?
Lake placid's average rate of 16.0¢/kWh is 6.7% above the Florida state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.