Electricity Rates in Holmes mill, KY
Residents of Holmes mill, KY benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Kentucky Utilities Co being the largest.
Electricity Providers in Holmes mill
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Holmes mill
At 12.0¢/kWh, a typical Holmes mill household spends approximately $1275.84/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 Holmes mill
Charging an electric vehicle at home in Holmes mill costs approximately $108.00/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 Holmes mill, KY?
The average residential electricity rate in Holmes mill, KY is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Holmes mill?
Holmes mill is served by 2 electricity providers. Kentucky Utilities Co is the largest provider in the area, though rates and availability vary by specific address.
How do Holmes mill electricity rates compare to the rest of Kentucky?
Holmes mill's average rate of 12.0¢/kWh is 7.7% below the Kentucky state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.