Electricity Rates in Annawan, IL
Annawan, IL is in a deregulated electricity market with 3 providers available. The average residential rate is 12.0¢/kWh, 7.7% below the Illinois average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Annawan
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Ameren Illinois Company | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
| Commonwealth Edison Co | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
| Corn Belt Energy Corporation | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
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 Annawan
At 12.0¢/kWh, a typical Annawan 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 Annawan
Charging an electric vehicle at home in Annawan 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 Illinois
Frequently Asked Questions
What is the average electricity rate in Annawan, IL?
The average residential electricity rate in Annawan, IL 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 Annawan?
Annawan is served by 3 electricity providers. Ameren Illinois Company is the largest provider in the area, though rates and availability vary by specific address.
How do Annawan electricity rates compare to the rest of Illinois?
Annawan's average rate of 12.0¢/kWh is 7.7% below the Illinois state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.