Electricity Rates in Red banks, MS
Residents of Red banks, MS benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 3 electricity providers, with City of Holly Springs being the largest.
Electricity Providers in Red banks
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Holly Springs | 12.0¢/kWh | 14.0¢/kWh | Municipal |
| Northcentral Mississippi E P A | 13.0¢/kWh | 13.0¢/kWh | Cooperative |
| Tennessee Valley Authority | N/A | 8.0¢/kWh | Federal |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Red banks
At 12.0¢/kWh, a typical Red banks household spends approximately $1275.84/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 Red banks
Charging an electric vehicle at home in Red banks costs approximately $108.00/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 Mississippi
Frequently Asked Questions
What is the average electricity rate in Red banks, MS?
The average residential electricity rate in Red banks, MS is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Red banks?
Red banks is served by 3 electricity providers. City of Holly Springs is the largest provider in the area, though rates and availability vary by specific address.
How do Red banks electricity rates compare to the rest of Mississippi?
Red banks's average rate of 12.0¢/kWh is 7.7% below the Mississippi state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.