Electricity Rates in Cave spring, VA
Cave spring, VA is in a deregulated electricity market with 2 providers available. The average residential rate is 16.0¢/kWh, 6.7% above the Virginia average of 15.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Cave spring
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Appalachian Power Co | 17.0¢/kWh | 8.0¢/kWh | Investor Owned |
| City of Salem - (VA) | 15.0¢/kWh | 15.0¢/kWh | Municipal |
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 Cave spring
At 16.0¢/kWh, a typical Cave spring 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 Cave spring
Charging an electric vehicle at home in Cave spring 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 Virginia
Frequently Asked Questions
What is the average electricity rate in Cave spring, VA?
The average residential electricity rate in Cave spring, VA 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 Cave spring?
Cave spring is served by 2 electricity providers. Appalachian Power Co is the largest provider in the area, though rates and availability vary by specific address.
How do Cave spring electricity rates compare to the rest of Virginia?
Cave spring's average rate of 16.0¢/kWh is 6.7% above the Virginia state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.