Electricity Rates in Colfax, IN
Residents of Colfax, IN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with Boone County Rural EMC being the largest.
Electricity Providers in Colfax
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Boone County Rural EMC | 17.0¢/kWh | 12.0¢/kWh | Cooperative |
| Duke Energy Indiana, LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
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 Colfax
At 15.0¢/kWh, a typical Colfax 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 Colfax
Charging an electric vehicle at home in Colfax 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 Indiana
Frequently Asked Questions
What is the average electricity rate in Colfax, IN?
The average residential electricity rate in Colfax, IN 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 Colfax?
Colfax is served by 2 electricity providers. Boone County Rural EMC is the largest provider in the area, though rates and availability vary by specific address.
How do Colfax electricity rates compare to the rest of Indiana?
Colfax's average rate of 15.0¢/kWh is close to the Indiana state average of 15.0¢/kWh. Rates are typical for the region.