Electricity Rates in Banks, ID
Residents of Banks, ID benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. Idaho Power Co serves the area.
Electricity Providers in Banks
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Idaho Power Co | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Banks
At 12.0¢/kWh, a typical Banks household spends approximately $1275.84/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 Banks
Charging an electric vehicle at home in Banks costs approximately $108.00/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 Idaho
Frequently Asked Questions
What is the average electricity rate in Banks, ID?
The average residential electricity rate in Banks, ID is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Banks?
Banks is served by 1 electricity provider. Idaho Power Co is the largest provider in the area.
How do Banks electricity rates compare to the rest of Idaho?
Banks's average rate of 12.0¢/kWh is close to the Idaho state average of 12.0¢/kWh. Rates are typical for the region.