Electricity Rates in Parkers lake, KY
Residents of Parkers lake, KY benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 4 electricity providers, with Cumberland Valley Electric, Inc. being the largest.
Electricity Providers in Parkers lake
| 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 |
| 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 Parkers lake
At 13.0¢/kWh, a typical Parkers lake 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 Parkers lake
Charging an electric vehicle at home in Parkers lake 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 Parkers lake, KY?
The average residential electricity rate in Parkers lake, 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 Parkers lake?
Parkers lake is served by 4 electricity providers. Cumberland Valley Electric, Inc. is the largest provider in the area, though rates and availability vary by specific address.
How do Parkers lake electricity rates compare to the rest of Kentucky?
Parkers lake's average rate of 13.0¢/kWh is close to the Kentucky state average of 13.0¢/kWh. Rates are typical for the region.