Electricity Rates in Corbin, KY
Residents of Corbin, KY benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 5 electricity providers, with Cumberland Valley Electric, Inc. being the largest.
Electricity Providers in Corbin
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Cumberland Valley Electric, Inc. | 13.0¢/kWh | 8.0¢/kWh | Cooperative |
| Jackson Energy Coop Corp - (KY) | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| South Kentucky Rural E C C | 13.0¢/kWh | 15.0¢/kWh | Cooperative |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Corbin
At 13.0¢/kWh, a typical Corbin household spends approximately $1382.16/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 Corbin
Charging an electric vehicle at home in Corbin costs approximately $117.00/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 Kentucky
Frequently Asked Questions
What is the average electricity rate in Corbin, KY?
The average residential electricity rate in Corbin, KY is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Corbin?
Corbin is served by 5 electricity providers. Cumberland Valley Electric, Inc. is the largest provider in the area, though rates and availability vary by specific address.
How do Corbin electricity rates compare to the rest of Kentucky?
Corbin's average rate of 13.0¢/kWh is close to the Kentucky state average of 13.0¢/kWh. Rates are typical for the region.