Electricity Rates in Romney, IN
The average residential electricity rate in Romney, 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 Romney
| 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 Romney
At 16.0¢/kWh, a typical Romney 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 Romney
Charging an electric vehicle at home in Romney 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 Romney, IN?
The average residential electricity rate in Romney, 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 Romney?
Romney is served by 1 electricity provider. Tipmont Rural Elec Member Corp is the largest provider in the area.
How do Romney electricity rates compare to the rest of Indiana?
Romney'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.