Electricity Rates in Princeton, MI
Princeton, MI is in a deregulated electricity market with 2 providers available. The average residential rate is 25.0¢/kWh, 38.9% above the Michigan average of 18.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Princeton
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Alger-Delta Coop Electric Assn | 23.0¢/kWh | 16.0¢/kWh | Cooperative |
| Upper Peninsula Power Company | 28.0¢/kWh | 15.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 25.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Princeton
At 25.0¢/kWh, a typical Princeton household spends approximately $2658.00/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 Princeton
Charging an electric vehicle at home in Princeton costs approximately $225.00/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 Princeton, MI?
The average residential electricity rate in Princeton, MI is 25.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $221.50 for a typical household.
Who provides electricity in Princeton?
Princeton is served by 2 electricity providers. Upper Peninsula Power Company is the largest provider in the area, though rates and availability vary by specific address.
How do Princeton electricity rates compare to the rest of Michigan?
Princeton's average rate of 25.0¢/kWh is 38.9% above the Michigan state average of 18.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.