Electricity Rates in Fuquay varina, NC

Residents of Fuquay varina, NC benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 3 electricity providers, with Central Electric Membership Corp. - (NC) being the largest.

Avg. Residential Rate 14.0¢/kWh
vs. North Carolina Avg. -6.7%
vs. National Avg. -21.3%
Providers 3

Electricity Providers in Fuquay varina

Utility Residential Rate Commercial Rate Type
Central Electric Membership Corp. - (NC) 14.0¢/kWh 12.0¢/kWh Cooperative
Duke Energy Progress - (NC) 16.0¢/kWh 11.0¢/kWh Investor Owned
South River Elec Member Corp 13.0¢/kWh 10.0¢/kWh Cooperative

Estimated Monthly Electric Bill

Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:

Fuquay varina monthly bill $124.04
Fuquay varina annual cost $1488.48
North Carolina avg. monthly $132.90
National avg. monthly $157.53

Solar Savings in Fuquay varina

At 14.0¢/kWh, a typical Fuquay varina household spends approximately $1488.48/year on electricity. Solar panels could reduce this by 50–90%.

$1116/yr estimated solar savings

The federal solar tax credit covers 30% of installation costs through 2032.

EV Charging Costs in Fuquay varina

Charging an electric vehicle at home in Fuquay varina costs approximately $126.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.

Frequently Asked Questions

What is the average electricity rate in Fuquay varina, NC?

The average residential electricity rate in Fuquay varina, NC is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.

Who provides electricity in Fuquay varina?

Fuquay varina is served by 3 electricity providers. Central Electric Membership Corp. - (NC) is the largest provider in the area, though rates and availability vary by specific address.

How do Fuquay varina electricity rates compare to the rest of North Carolina?

Fuquay varina's average rate of 14.0¢/kWh is 6.7% below the North Carolina state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.