Electricity Rates in Rankin, TX
Residents of Rankin, TX benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. Southwest Texas Elec Coop, Inc serves the area.
Electricity Providers in Rankin
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Southwest Texas Elec Coop, Inc | 14.0¢/kWh | 13.0¢/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 Rankin
At 14.0¢/kWh, a typical Rankin 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 Rankin
Charging an electric vehicle at home in Rankin 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 Rankin, TX?
The average residential electricity rate in Rankin, 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 Rankin?
Rankin is served by 1 electricity provider. Southwest Texas Elec Coop, Inc is the largest provider in the area.
How do Rankin electricity rates compare to the rest of Texas?
Rankin'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.