Electricity Rates in Hico, TX
Hico, TX is in a deregulated electricity market with 3 providers available. The average residential rate is 13.0¢/kWh, close to the Texas average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Hico
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Hamilton County Elec Coop Assn | 14.0¢/kWh | 13.0¢/kWh | Cooperative |
| Heart of Texas Electric Coop | 13.0¢/kWh | 14.0¢/kWh | Cooperative |
| United Electric Coop Service Inc - (TX) | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Hico
At 13.0¢/kWh, a typical Hico household spends approximately $1382.16/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 Hico
Charging an electric vehicle at home in Hico costs approximately $117.00/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 Hico, TX?
The average residential electricity rate in Hico, TX is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Hico?
Hico is served by 3 electricity providers. Hamilton County Elec Coop Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Hico electricity rates compare to the rest of Texas?
Hico's average rate of 13.0¢/kWh is close to the Texas state average of 13.0¢/kWh. Rates are typical for the region.