Electricity Rates in Troy, NC
Residents of Troy, NC benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 4 electricity providers, with Duke Energy Carolinas, LLC being the largest.
Electricity Providers in Troy
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Carolinas, LLC | 14.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Duke Energy Progress - (NC) | 16.0¢/kWh | 11.0¢/kWh | Investor Owned |
| EnergyUnited Elec Member Corp | 12.0¢/kWh | 10.0¢/kWh | Cooperative |
| Randolph Electric Member Corp | 16.0¢/kWh | 12.0¢/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 Troy
At 14.0¢/kWh, a typical Troy 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 Troy
Charging an electric vehicle at home in Troy 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 Troy, NC?
The average residential electricity rate in Troy, 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 Troy?
Troy is served by 4 electricity providers. Duke Energy Carolinas, LLC is the largest provider in the area, though rates and availability vary by specific address.
How do Troy electricity rates compare to the rest of North Carolina?
Troy'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.