Electricity Rates in Terrace park, OH
Residents of Terrace park, 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 Terrace park
| 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 Terrace park
At 11.0¢/kWh, a typical Terrace park 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 Terrace park
Charging an electric vehicle at home in Terrace park 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 Terrace park, OH?
The average residential electricity rate in Terrace park, 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 Terrace park?
Terrace park is served by 1 electricity provider. Duke Energy Ohio Inc is the largest provider in the area.
How do Terrace park electricity rates compare to the rest of Ohio?
Terrace park'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.