Electricity Rates in Island lake, IL
Residents of Island lake, IL benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. Commonwealth Edison Co serves the area.
Electricity Providers in Island lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Commonwealth Edison 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 Island lake
At 12.0¢/kWh, a typical Island lake 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 Island lake
Charging an electric vehicle at home in Island lake 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 Island lake, IL?
The average residential electricity rate in Island lake, 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 Island lake?
Island lake is served by 1 electricity provider. Commonwealth Edison Co is the largest provider in the area.
How do Island lake electricity rates compare to the rest of Illinois?
Island lake'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.