Electricity Rates in Payneville, KY
Residents of Payneville, KY benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. Meade County Rural E C C serves the area.
Electricity Providers in Payneville
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Meade County Rural E C C | 14.0¢/kWh | 14.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Payneville
At 14.0¢/kWh, a typical Payneville household spends approximately $1488.48/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 Payneville
Charging an electric vehicle at home in Payneville costs approximately $126.00/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 Payneville, KY?
The average residential electricity rate in Payneville, KY is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Payneville?
Payneville is served by 1 electricity provider. Meade County Rural E C C is the largest provider in the area.
How do Payneville electricity rates compare to the rest of Kentucky?
Payneville's average rate of 14.0¢/kWh is 7.7% above the Kentucky state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.