Electricity Rates in New richmond, IN
The average residential electricity rate in New richmond, IN is 16.0¢/kWh based on 2024 EIA data. Tipmont Rural Elec Member Corp provides electricity to the area. This is 6.7% above the Indiana state average.
Electricity Providers in New richmond
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Tipmont Rural Elec Member Corp | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in New richmond
At 16.0¢/kWh, a typical New richmond household spends approximately $1701.12/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 richmond
Charging an electric vehicle at home in New richmond costs approximately $144.00/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 richmond, IN?
The average residential electricity rate in New richmond, IN is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in New richmond?
New richmond is served by 1 electricity provider. Tipmont Rural Elec Member Corp is the largest provider in the area.
How do New richmond electricity rates compare to the rest of Indiana?
New richmond's average rate of 16.0¢/kWh is 6.7% above the Indiana state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.