Electricity Rates in Concord, MI
The average residential electricity rate in Concord, MI is 19.0¢/kWh based on 2024 EIA data. Consumers Energy Co - (MI) provides electricity to the area. This is 5.6% above the Michigan state average.
Electricity Providers in Concord
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Consumers Energy Co - (MI) | 19.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 19.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Concord
At 19.0¢/kWh, a typical Concord household spends approximately $2020.08/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 Concord
Charging an electric vehicle at home in Concord costs approximately $171.00/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 Michigan
Frequently Asked Questions
What is the average electricity rate in Concord, MI?
The average residential electricity rate in Concord, MI is 19.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $168.34 for a typical household.
Who provides electricity in Concord?
Concord is served by 1 electricity provider. Consumers Energy Co - (MI) is the largest provider in the area.
How do Concord electricity rates compare to the rest of Michigan?
Concord's average rate of 19.0¢/kWh is 5.6% above the Michigan state average of 18.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.