Electricity Rates in Lovington, IL
Lovington, IL is in a deregulated electricity market with 3 providers available. The average residential rate is 15.0¢/kWh, 15.4% above the Illinois average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Lovington
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Ameren Illinois Company | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
| Coles-Moultrie Electric Coop | 17.0¢/kWh | 15.0¢/kWh | Cooperative |
| Shelby Electric Coop, Inc - (IL) | 19.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lovington
At 15.0¢/kWh, a typical Lovington household spends approximately $1594.80/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 Lovington
Charging an electric vehicle at home in Lovington costs approximately $135.00/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 Lovington, IL?
The average residential electricity rate in Lovington, IL is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Lovington?
Lovington is served by 3 electricity providers. Ameren Illinois Company is the largest provider in the area, though rates and availability vary by specific address.
How do Lovington electricity rates compare to the rest of Illinois?
Lovington's average rate of 15.0¢/kWh is 15.4% above the Illinois state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.