Electricity Rates in Princeton, IN
Residents of Princeton, IN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 3 electricity providers, with Duke Energy Indiana, LLC being the largest.
Electricity Providers in Princeton
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Indiana, LLC | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Southern Indiana Gas & Elec Co | 18.0¢/kWh | 16.0¢/kWh | Investor Owned |
| Western Indiana Energy REMC | 14.0¢/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 Princeton
At 15.0¢/kWh, a typical Princeton 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 Princeton
Charging an electric vehicle at home in Princeton 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 Princeton, IN?
The average residential electricity rate in Princeton, 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 Princeton?
Princeton is served by 3 electricity providers. Duke Energy Indiana, LLC is the largest provider in the area, though rates and availability vary by specific address.
How do Princeton electricity rates compare to the rest of Indiana?
Princeton's average rate of 15.0¢/kWh is close to the Indiana state average of 15.0¢/kWh. Rates are typical for the region.