Electricity Rates in Penobscot, ME
Penobscot, 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 Penobscot
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central Maine Power Co | 18.0¢/kWh | 14.0¢/kWh | Investor Owned |
| 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 Penobscot
At 20.0¢/kWh, a typical Penobscot 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 Penobscot
Charging an electric vehicle at home in Penobscot 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 Penobscot, ME?
The average residential electricity rate in Penobscot, 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 Penobscot?
Penobscot 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 Penobscot electricity rates compare to the rest of Maine?
Penobscot'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.