Electricity Rates in Laurel, IN
Residents of Laurel, IN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 4 electricity providers, with Decatur County Rural E M C being the largest.
Electricity Providers in Laurel
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Decatur County Rural E M C | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
| Duke Energy Indiana, LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
| RushShelby Energy | 17.0¢/kWh | 14.0¢/kWh | Cooperative |
| Whitewater Valley Rural EMC | 16.0¢/kWh | 13.0¢/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 Laurel
At 15.0¢/kWh, a typical Laurel 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 Laurel
Charging an electric vehicle at home in Laurel 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 Laurel, IN?
The average residential electricity rate in Laurel, 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 Laurel?
Laurel is served by 4 electricity providers. Decatur County Rural E M C is the largest provider in the area, though rates and availability vary by specific address.
How do Laurel electricity rates compare to the rest of Indiana?
Laurel's average rate of 15.0¢/kWh is close to the Indiana state average of 15.0¢/kWh. Rates are typical for the region.