Electricity Rates in Myrtle beach, SC
Residents of Myrtle beach, SC benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Horry Electric Coop Inc being the largest.
Electricity Providers in Myrtle beach
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Horry Electric Coop Inc | 13.0¢/kWh | 14.0¢/kWh | Cooperative |
| South Carolina Public Service Authority | 11.0¢/kWh | 9.0¢/kWh | State |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Myrtle beach
At 12.0¢/kWh, a typical Myrtle beach household spends approximately $1275.84/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 Myrtle beach
Charging an electric vehicle at home in Myrtle beach costs approximately $108.00/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 South Carolina
Frequently Asked Questions
What is the average electricity rate in Myrtle beach, SC?
The average residential electricity rate in Myrtle beach, SC is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Myrtle beach?
Myrtle beach is served by 2 electricity providers. Horry Electric Coop Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Myrtle beach electricity rates compare to the rest of South Carolina?
Myrtle beach's average rate of 12.0¢/kWh is 20.0% below the South Carolina state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.