Electricity Rates in Silver lake, IN
The average residential electricity rate in Silver lake, IN is 16.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 6.7% above the Indiana state average.
Electricity Providers in Silver lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Kosciusko County Rural E M C | 13.0¢/kWh | N/A | Cooperative |
| Northern Indiana Pub Serv Co | 19.0¢/kWh | 17.0¢/kWh | Investor Owned |
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 Silver lake
At 16.0¢/kWh, a typical Silver lake 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 Silver lake
Charging an electric vehicle at home in Silver lake 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 Silver lake, IN?
The average residential electricity rate in Silver lake, 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 Silver lake?
Silver lake is served by 2 electricity providers. Kosciusko County Rural E M C is the largest provider in the area, though rates and availability vary by specific address.
How do Silver lake electricity rates compare to the rest of Indiana?
Silver lake'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.