Electricity Rates in Silverwood, MI
Residents of Silverwood, MI benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. DTE Electric Company serves the area.
Electricity Providers in Silverwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| DTE Electric Company | 15.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Silverwood
At 15.0¢/kWh, a typical Silverwood household spends approximately $1594.80/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 Silverwood
Charging an electric vehicle at home in Silverwood costs approximately $135.00/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 Silverwood, MI?
The average residential electricity rate in Silverwood, MI is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Silverwood?
Silverwood is served by 1 electricity provider. DTE Electric Company is the largest provider in the area.
How do Silverwood electricity rates compare to the rest of Michigan?
Silverwood's average rate of 15.0¢/kWh is 16.7% below the Michigan state average of 18.0¢/kWh. Residents enjoy some of the lower rates in the state.