Electricity Rates in Milford, ME
Electricity rates in Milford, ME average 21.0¢/kWh — 18.1% above the national average of 17.78¢/kWh. Versant Power is the primary electricity provider in the area.
Electricity Providers in Milford
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Versant Power | 21.0¢/kWh | 18.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 21.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Milford
At 21.0¢/kWh, a typical Milford household spends approximately $2232.72/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 Milford
Charging an electric vehicle at home in Milford costs approximately $189.00/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 Milford, ME?
The average residential electricity rate in Milford, ME is 21.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $186.06 for a typical household.
Who provides electricity in Milford?
Milford is served by 1 electricity provider. Versant Power is the largest provider in the area.
How do Milford electricity rates compare to the rest of Maine?
Milford's average rate of 21.0¢/kWh is 10.5% above the Maine state average of 19.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.