Electricity Rates in Holt, MI
Holt, MI is in a deregulated electricity market with 2 providers available. The average residential rate is 19.0¢/kWh, 5.6% above the Michigan average of 18.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Holt
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Lansing - (MI) | 20.0¢/kWh | 16.0¢/kWh | Municipal |
| 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 Holt
At 19.0¢/kWh, a typical Holt 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 Holt
Charging an electric vehicle at home in Holt 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 Holt, MI?
The average residential electricity rate in Holt, 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 Holt?
Holt is served by 2 electricity providers. Consumers Energy Co - (MI) is the largest provider in the area, though rates and availability vary by specific address.
How do Holt electricity rates compare to the rest of Michigan?
Holt'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.