Electricity Rates in Sherwood, MD
Residents of Sherwood, MD benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. Delmarva Power serves the area.
Electricity Providers in Sherwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Delmarva Power | 14.0¢/kWh | 13.0¢/kWh | Investor Owned |
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 Sherwood
At 14.0¢/kWh, a typical Sherwood 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 Sherwood
Charging an electric vehicle at home in Sherwood 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 Maryland
Frequently Asked Questions
What is the average electricity rate in Sherwood, MD?
The average residential electricity rate in Sherwood, MD 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 Sherwood?
Sherwood is served by 1 electricity provider. Delmarva Power is the largest provider in the area.
How do Sherwood electricity rates compare to the rest of Maryland?
Sherwood's average rate of 14.0¢/kWh is 16.7% above the Maryland state average of 12.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.