Electricity Rates in Hanover, IL
Electricity rates in Hanover, IL average 20.0¢/kWh — 12.5% above the national average of 17.78¢/kWh. Jo-Carroll Energy, Inc is the primary electricity provider in the area.
Electricity Providers in Hanover
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Jo-Carroll Energy, Inc | 20.0¢/kWh | 17.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 20.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Hanover
At 20.0¢/kWh, a typical Hanover household spends approximately $2126.40/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 Hanover
Charging an electric vehicle at home in Hanover costs approximately $180.00/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 Hanover, IL?
The average residential electricity rate in Hanover, IL is 20.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $177.20 for a typical household.
Who provides electricity in Hanover?
Hanover is served by 1 electricity provider. Jo-Carroll Energy, Inc is the largest provider in the area.
How do Hanover electricity rates compare to the rest of Illinois?
Hanover's average rate of 20.0¢/kWh is 53.8% above the Illinois state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.