Electricity Rates in Silver spring, MD
Residents of Silver spring, MD benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. Potomac Electric Power Co serves the area.
Electricity Providers in Silver spring
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Potomac Electric Power Co | 15.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Silver spring
At 15.0¢/kWh, a typical Silver spring household spends approximately $1594.80/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 Silver spring
Charging an electric vehicle at home in Silver spring costs approximately $135.00/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 Silver spring, MD?
The average residential electricity rate in Silver spring, MD is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Silver spring?
Silver spring is served by 1 electricity provider. Potomac Electric Power Co is the largest provider in the area.
How do Silver spring electricity rates compare to the rest of Maryland?
Silver spring's average rate of 15.0¢/kWh is 25.0% above the Maryland state average of 12.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.