Electricity Rates in Fife lake, MI
Fife lake, MI is in a deregulated electricity market with 3 providers available. The average residential rate is 18.0¢/kWh, close to the Michigan average of 18.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Fife lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Cherryland Electric Coop Inc | 16.0¢/kWh | 12.0¢/kWh | Cooperative |
| Consumers Energy Co - (MI) | 19.0¢/kWh | 9.0¢/kWh | Investor Owned |
| Great Lakes Energy Coop | 19.0¢/kWh | 16.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 18.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Fife lake
At 18.0¢/kWh, a typical Fife lake household spends approximately $1913.76/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 Fife lake
Charging an electric vehicle at home in Fife lake costs approximately $162.00/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 Fife lake, MI?
The average residential electricity rate in Fife lake, MI is 18.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $159.48 for a typical household.
Who provides electricity in Fife lake?
Fife lake is served by 3 electricity providers. Consumers Energy Co - (MI) is the largest provider in the area, though rates and availability vary by specific address.
How do Fife lake electricity rates compare to the rest of Michigan?
Fife lake's average rate of 18.0¢/kWh is close to the Michigan state average of 18.0¢/kWh. Rates are typical for the region.