Electricity Rates in Chico, TX
The average residential electricity rate in Chico, TX is 16.0¢/kWh based on 2024 EIA data. Wise Electric Coop Inc provides electricity to the area. This is 23.1% above the Texas state average.
Electricity Providers in Chico
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Wise Electric Coop Inc | 16.0¢/kWh | 11.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Chico
At 16.0¢/kWh, a typical Chico household spends approximately $1701.12/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 Chico
Charging an electric vehicle at home in Chico costs approximately $144.00/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 Chico, TX?
The average residential electricity rate in Chico, TX is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Chico?
Chico is served by 1 electricity provider. Wise Electric Coop Inc is the largest provider in the area.
How do Chico electricity rates compare to the rest of Texas?
Chico's average rate of 16.0¢/kWh is 23.1% above the Texas state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.