Electricity Rates in Franklin, ME
Franklin, ME is in a deregulated electricity market with 2 providers available. The average residential rate is 20.0¢/kWh, 5.3% above the Maine average of 19.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Franklin
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Eastern Maine Electric Coop | 17.0¢/kWh | 16.0¢/kWh | Cooperative |
| Versant Power | 21.0¢/kWh | 18.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 20.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Franklin
At 20.0¢/kWh, a typical Franklin household spends approximately $2126.40/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 Franklin
Charging an electric vehicle at home in Franklin costs approximately $180.00/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 Maine
Frequently Asked Questions
What is the average electricity rate in Franklin, ME?
The average residential electricity rate in Franklin, ME is 20.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $177.20 for a typical household.
Who provides electricity in Franklin?
Franklin is served by 2 electricity providers. Versant Power is the largest provider in the area, though rates and availability vary by specific address.
How do Franklin electricity rates compare to the rest of Maine?
Franklin's average rate of 20.0¢/kWh is 5.3% above the Maine state average of 19.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.