Electricity Rates in Wake forest, NC
Residents of Wake forest, 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 Carolinas, LLC being the largest.
Electricity Providers in Wake forest
| 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 |
| Wake Electric Membership Corp | 13.0¢/kWh | 11.0¢/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 Wake forest
At 14.0¢/kWh, a typical Wake forest 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 Wake forest
Charging an electric vehicle at home in Wake forest 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 Wake forest, NC?
The average residential electricity rate in Wake forest, 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 Wake forest?
Wake forest is served by 3 electricity providers. Duke Energy Carolinas, LLC is the largest provider in the area, though rates and availability vary by specific address.
How do Wake forest electricity rates compare to the rest of North Carolina?
Wake forest'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.