Electricity Rates in Fairbanks, IN
Residents of Fairbanks, IN benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. Western Indiana Energy REMC serves the area.
Electricity Providers in Fairbanks
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Western Indiana Energy REMC | 14.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Fairbanks
At 14.0¢/kWh, a typical Fairbanks household spends approximately $1488.48/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 Fairbanks
Charging an electric vehicle at home in Fairbanks costs approximately $126.00/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 Fairbanks, IN?
The average residential electricity rate in Fairbanks, IN is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Fairbanks?
Fairbanks is served by 1 electricity provider. Western Indiana Energy REMC is the largest provider in the area.
How do Fairbanks electricity rates compare to the rest of Indiana?
Fairbanks's average rate of 14.0¢/kWh is 6.7% below the Indiana state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.