Electricity Rates in New madison, OH
Residents of New madison, OH benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. Dayton Power & Light Co serves the area.
Electricity Providers in New madison
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Dayton Power & Light Co | 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 New madison
At 11.0¢/kWh, a typical New madison 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 New madison
Charging an electric vehicle at home in New madison 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 New madison, OH?
The average residential electricity rate in New madison, 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 New madison?
New madison is served by 1 electricity provider. Dayton Power & Light Co is the largest provider in the area.
How do New madison electricity rates compare to the rest of Ohio?
New madison'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.