Electricity Rates in Florence, IN
Residents of Florence, IN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. Southeastern Indiana R E M C serves the area.
Electricity Providers in Florence
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Southeastern Indiana R E M C | 15.0¢/kWh | 14.0¢/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 Florence
At 15.0¢/kWh, a typical Florence 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 Florence
Charging an electric vehicle at home in Florence 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 Florence, IN?
The average residential electricity rate in Florence, 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 Florence?
Florence is served by 1 electricity provider. Southeastern Indiana R E M C is the largest provider in the area.
How do Florence electricity rates compare to the rest of Indiana?
Florence's average rate of 15.0¢/kWh is close to the Indiana state average of 15.0¢/kWh. Rates are typical for the region.