Electricity Rates in College, AK

The average residential electricity rate in College is $0.22 per kilowatt-hour (kWh), which is 38% above the national average of $0.16/kWh. The average monthly electric bill for College homeowners is approximately $215.

With solar panels, College homeowners can reduce their electricity costs by approximately 74%, saving around $159 per month or $18,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the College area include Chugach Electric, Matanuska Electric, Golden Valley Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in College and across Alaska have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.