Electricity Rates in Palm bay, FL
Residents of Palm bay, FL benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 3 electricity providers, with Florida Power & Light Co being the largest.
Electricity Providers in Palm bay
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Florida, LLC | 17.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Florida Power & Light Co | 14.0¢/kWh | 11.0¢/kWh | Investor Owned |
| Peace River Electric Coop, Inc | 12.0¢/kWh | 11.0¢/kWh | Cooperative |
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 Palm bay
At 14.0¢/kWh, a typical Palm bay 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 Palm bay
Charging an electric vehicle at home in Palm bay 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 Florida
Frequently Asked Questions
What is the average electricity rate in Palm bay, FL?
The average residential electricity rate in Palm bay, FL 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 Palm bay?
Palm bay 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 Palm bay electricity rates compare to the rest of Florida?
Palm bay's average rate of 14.0¢/kWh is 6.7% below the Florida state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.