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