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