Electricity Rates in Elida, OH
Elida, OH is in a deregulated electricity market with 3 providers available. The average residential rate is 16.0¢/kWh, 14.3% above the Ohio average of 14.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Elida
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Midwest Electric, Inc - (OH) | 15.0¢/kWh | 11.0¢/kWh | Cooperative |
| Ohio Power Co | 15.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Paulding-Putman Elec Coop, Inc | 18.0¢/kWh | 15.0¢/kWh | Cooperative |
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 Elida
At 16.0¢/kWh, a typical Elida 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 Elida
Charging an electric vehicle at home in Elida 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 Ohio
Frequently Asked Questions
What is the average electricity rate in Elida, OH?
The average residential electricity rate in Elida, OH 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 Elida?
Elida is served by 3 electricity providers. Ohio Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Elida electricity rates compare to the rest of Ohio?
Elida's average rate of 16.0¢/kWh is 14.3% above the Ohio state average of 14.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.