Electricity Rates in Park city, KY
Residents of Park city, KY benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 4 electricity providers, with Farmers Rural Electric Coop Corp - (KY) being the largest.
Electricity Providers in Park city
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Farmers Rural Electric Coop Corp - (KY) | 13.0¢/kWh | 13.0¢/kWh | Cooperative |
| Kentucky Utilities Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
| Warren Rural Elec Coop Corp | 12.0¢/kWh | 13.0¢/kWh | Cooperative |
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 Park city
At 12.0¢/kWh, a typical Park city 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 Park city
Charging an electric vehicle at home in Park city 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 Park city, KY?
The average residential electricity rate in Park city, 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 Park city?
Park city is served by 4 electricity providers. Farmers Rural Electric Coop Corp - (KY) is the largest provider in the area, though rates and availability vary by specific address.
How do Park city electricity rates compare to the rest of Kentucky?
Park city'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.