Electricity Rates in Lynnfield, MA
Lynnfield, MA is in a deregulated electricity market with 3 providers available. The average residential rate is 20.0¢/kWh, 16.7% below the Massachusetts average of 24.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Lynnfield
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Peabody - (MA) | 16.0¢/kWh | 19.0¢/kWh | Municipal |
| Massachusetts Electric Co | 25.0¢/kWh | 17.0¢/kWh | Investor Owned |
| Town of Reading - (MA) | 16.0¢/kWh | 13.0¢/kWh | Municipal |
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 Lynnfield
At 20.0¢/kWh, a typical Lynnfield 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 Lynnfield
Charging an electric vehicle at home in Lynnfield 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 Massachusetts
Frequently Asked Questions
What is the average electricity rate in Lynnfield, MA?
The average residential electricity rate in Lynnfield, MA 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 Lynnfield?
Lynnfield is served by 3 electricity providers. Massachusetts Electric Co is the largest provider in the area, though rates and availability vary by specific address.
How do Lynnfield electricity rates compare to the rest of Massachusetts?
Lynnfield's average rate of 20.0¢/kWh is 16.7% below the Massachusetts state average of 24.0¢/kWh. Residents enjoy some of the lower rates in the state.