Electricity Rates in Bonanza, TX
Bonanza, TX is in a deregulated electricity market with 2 providers available. The average residential rate is 14.0¢/kWh, 7.7% above the Texas average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Bonanza
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| HILCO Electric Cooperative, Inc. | 15.0¢/kWh | 15.0¢/kWh | Cooperative |
| Heart of Texas Electric Coop | 13.0¢/kWh | 14.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Bonanza
At 14.0¢/kWh, a typical Bonanza household spends approximately $1488.48/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 Bonanza
Charging an electric vehicle at home in Bonanza costs approximately $126.00/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 Texas
Frequently Asked Questions
What is the average electricity rate in Bonanza, TX?
The average residential electricity rate in Bonanza, TX is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Bonanza?
Bonanza is served by 2 electricity providers. HILCO Electric Cooperative, Inc. is the largest provider in the area, though rates and availability vary by specific address.
How do Bonanza electricity rates compare to the rest of Texas?
Bonanza's average rate of 14.0¢/kWh is 7.7% above the Texas state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.