Electricity Rates in Zcta 49686, MI
Zcta 49686, MI is in a deregulated electricity market with 3 providers available. The average residential rate is 16.0¢/kWh, 11.1% below the Michigan average of 18.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Zcta 49686
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Cherryland Electric Coop Inc | 16.0¢/kWh | 12.0¢/kWh | Cooperative |
| City of Traverse City - (MI) | 13.0¢/kWh | 12.0¢/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 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Zcta 49686
At 16.0¢/kWh, a typical Zcta 49686 household spends approximately $1701.12/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 Zcta 49686
Charging an electric vehicle at home in Zcta 49686 costs approximately $144.00/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 Zcta 49686, MI?
The average residential electricity rate in Zcta 49686, MI is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Zcta 49686?
Zcta 49686 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 Zcta 49686 electricity rates compare to the rest of Michigan?
Zcta 49686's average rate of 16.0¢/kWh is 11.1% below the Michigan state average of 18.0¢/kWh. Residents enjoy some of the lower rates in the state.