Electricity Rates in Hamilton, IN
The average residential electricity rate in Hamilton, IN is 18.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 20.0% above the Indiana state average.
Electricity Providers in Hamilton
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Indiana Michigan Power Co | 16.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Northern Indiana Pub Serv Co | 19.0¢/kWh | 17.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 18.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Hamilton
At 18.0¢/kWh, a typical Hamilton household spends approximately $1913.76/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 Hamilton
Charging an electric vehicle at home in Hamilton costs approximately $162.00/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 Hamilton, IN?
The average residential electricity rate in Hamilton, IN is 18.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $159.48 for a typical household.
Who provides electricity in Hamilton?
Hamilton is served by 2 electricity providers. Indiana Michigan Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Hamilton electricity rates compare to the rest of Indiana?
Hamilton's average rate of 18.0¢/kWh is 20.0% above the Indiana state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.