Electricity Rates in Holly springs, NC
The average residential electricity rate in Holly springs, NC is 16.0¢/kWh based on 2024 EIA data. Duke Energy Progress - (NC) provides electricity to the area. This is 6.7% above the North Carolina state average.
Electricity Providers in Holly springs
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Progress - (NC) | 16.0¢/kWh | 11.0¢/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 Holly springs
At 16.0¢/kWh, a typical Holly springs 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 Holly springs
Charging an electric vehicle at home in Holly springs 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 North Carolina
Frequently Asked Questions
What is the average electricity rate in Holly springs, NC?
The average residential electricity rate in Holly springs, NC 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 Holly springs?
Holly springs is served by 1 electricity provider. Duke Energy Progress - (NC) is the largest provider in the area.
How do Holly springs electricity rates compare to the rest of North Carolina?
Holly springs's average rate of 16.0¢/kWh is 6.7% above the North Carolina state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.