Electricity Rates in Panama city, FL
The average residential electricity rate in Panama city, FL is 16.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 6.7% above the Florida state average.
Electricity Providers in Panama city
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Florida Public Utilities Co | 18.0¢/kWh | 16.0¢/kWh | Investor Owned |
| Gulf Coast Electric Coop, Inc | 15.0¢/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 Panama city
At 16.0¢/kWh, a typical Panama city 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 Panama city
Charging an electric vehicle at home in Panama city 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 Panama city, FL?
The average residential electricity rate in Panama city, 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 Panama city?
Panama city is served by 2 electricity providers. Gulf Coast Electric Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Panama city electricity rates compare to the rest of Florida?
Panama city'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.