Electricity Rates in Madeira, OH
Residents of Madeira, OH benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. Duke Energy Ohio Inc serves the area.
Electricity Providers in Madeira
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duke Energy Ohio Inc | 11.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Madeira
At 11.0¢/kWh, a typical Madeira household spends approximately $1169.52/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 Madeira
Charging an electric vehicle at home in Madeira costs approximately $99.00/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 Madeira, OH?
The average residential electricity rate in Madeira, OH is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Madeira?
Madeira is served by 1 electricity provider. Duke Energy Ohio Inc is the largest provider in the area.
How do Madeira electricity rates compare to the rest of Ohio?
Madeira's average rate of 11.0¢/kWh is 21.4% below the Ohio state average of 14.0¢/kWh. Residents enjoy some of the lower rates in the state.