Electricity Rates in Carmel, IN
Residents of Carmel, IN benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 2 electricity providers, with AES Indiana being the largest.
Electricity Providers in Carmel
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| AES Indiana | 14.0¢/kWh | 14.0¢/kWh | Investor Owned |
| Duke Energy Indiana, LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Carmel
At 13.0¢/kWh, a typical Carmel household spends approximately $1382.16/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 Carmel
Charging an electric vehicle at home in Carmel costs approximately $117.00/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 Indiana
Frequently Asked Questions
What is the average electricity rate in Carmel, IN?
The average residential electricity rate in Carmel, IN is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Carmel?
Carmel is served by 2 electricity providers. AES Indiana is the largest provider in the area, though rates and availability vary by specific address.
How do Carmel electricity rates compare to the rest of Indiana?
Carmel's average rate of 13.0¢/kWh is 13.3% below the Indiana state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.