Electricity Rates in New albany, IN
Residents of New albany, IN benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 3 electricity providers, with Clark County Rural E M C - (IN) being the largest.
Electricity Providers in New albany
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Clark County Rural E M C - (IN) | 15.0¢/kWh | 12.0¢/kWh | Cooperative |
| Duke Energy Indiana, LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Harrison County Rural E M C | 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 New albany
At 14.0¢/kWh, a typical New albany 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 New albany
Charging an electric vehicle at home in New albany 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 New albany, IN?
The average residential electricity rate in New albany, 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 New albany?
New albany is served by 3 electricity providers. Clark County Rural E M C - (IN) is the largest provider in the area, though rates and availability vary by specific address.
How do New albany electricity rates compare to the rest of Indiana?
New albany'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.