Electricity Rates in Lake forest, IL
Residents of Lake forest, 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 Lake forest
| 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 Lake forest
At 12.0¢/kWh, a typical Lake forest 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 Lake forest
Charging an electric vehicle at home in Lake forest 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 Lake forest, IL?
The average residential electricity rate in Lake forest, 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 Lake forest?
Lake forest is served by 1 electricity provider. Commonwealth Edison Co is the largest provider in the area.
How do Lake forest electricity rates compare to the rest of Illinois?
Lake forest'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.