Electricity Rates in Milford, DE
Average electricity cost, utility comparison, and solar savings potential for Milford homeowners.
Milford Electricity Cost Overview
The average residential electricity rate in Milford, DE is $0.14 per kWh, which is 12% below the national average of $0.16/kWh. Homeowners in Milford pay an average of $137 per month for electricity, based on typical usage of 975 kWh per month.
Electricity rates in Milford are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since Delaware has a deregulated electricity market, Milford residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Milford
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Delmarva Power | $0.14 | $137 |
| Delaware Electric Cooperative | $0.13 | $127 |
| Delaware Municipal Electric | $0.12 | $117 |
How Solar Compares to Milford Electricity Rates
Without Solar
- Monthly bill: $137
- Annual cost: $1,644
- 25-year cost: $41,100
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $101
- Annual savings: $1,212
- 25-year savings: $30,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Milford, DE
The average residential electricity rate in Milford is $0.14 per kilowatt-hour (kWh), which is 12% below the national average of $0.16/kWh. The average monthly electric bill for Milford homeowners is approximately $137.
With solar panels, Milford homeowners can reduce their electricity costs by approximately 74%, saving around $101 per month or $30,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Milford area include Delmarva Power, Delaware Electric Cooperative, Delaware Municipal Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Milford and across Delaware 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.
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