Electricity Rates in Hope mills, NC
Residents of Hope mills, 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 Duke Energy Progress - (NC) being the largest.
Electricity Providers in Hope mills
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Progress - (NC) | 16.0¢/kWh | 11.0¢/kWh | Investor Owned |
| Lumbee River Elec Member Corp | 13.0¢/kWh | 10.0¢/kWh | Cooperative |
| 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:
Solar Savings in Hope mills
At 14.0¢/kWh, a typical Hope mills household spends approximately $1488.48/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 Hope mills
Charging an electric vehicle at home in Hope mills 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.
Nearby Cities in North Carolina
Frequently Asked Questions
What is the average electricity rate in Hope mills, NC?
The average residential electricity rate in Hope mills, 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 Hope mills?
Hope mills is served by 3 electricity providers. Duke Energy Progress - (NC) is the largest provider in the area, though rates and availability vary by specific address.
How do Hope mills electricity rates compare to the rest of North Carolina?
Hope mills'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.