Electricity Rates in Banco, VA
Residents of Banco, VA benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. Rappahannock Electric Coop serves the area.
Electricity Providers in Banco
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Rappahannock Electric Coop | 15.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Banco
At 15.0¢/kWh, a typical Banco household spends approximately $1594.80/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 Banco
Charging an electric vehicle at home in Banco costs approximately $135.00/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 Virginia
Frequently Asked Questions
What is the average electricity rate in Banco, VA?
The average residential electricity rate in Banco, VA is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Banco?
Banco is served by 1 electricity provider. Rappahannock Electric Coop is the largest provider in the area.
How do Banco electricity rates compare to the rest of Virginia?
Banco's average rate of 15.0¢/kWh is close to the Virginia state average of 15.0¢/kWh. Rates are typical for the region.