Electricity Rates in Franklin furnace, OH
Franklin furnace, OH is in a deregulated electricity market with 2 providers available. The average residential rate is 17.0¢/kWh, 21.4% above the Ohio average of 14.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Franklin furnace
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Buckeye Rural Elec Coop, Inc | 20.0¢/kWh | 23.0¢/kWh | Cooperative |
| Ohio Power Co | 15.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Franklin furnace
At 17.0¢/kWh, a typical Franklin furnace household spends approximately $1807.44/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 Franklin furnace
Charging an electric vehicle at home in Franklin furnace costs approximately $153.00/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 Franklin furnace, OH?
The average residential electricity rate in Franklin furnace, OH is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Franklin furnace?
Franklin furnace is served by 2 electricity providers. Ohio Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Franklin furnace electricity rates compare to the rest of Ohio?
Franklin furnace's average rate of 17.0¢/kWh is 21.4% above the Ohio state average of 14.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.