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