Electricity Rates in Cape Coral, FL

The average residential electricity rate in Cape Coral is $0.14 per kilowatt-hour (kWh), which is 12% below the national average of $0.16/kWh. The average monthly electric bill for Cape Coral homeowners is approximately $112.

With solar panels, Cape Coral homeowners can reduce their electricity costs by approximately 84%, saving around $94 per month or $38,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Cape Coral area include Florida Power & Light (FPL), Duke Energy Florida, Tampa Electric (TECO). Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Cape Coral and across Florida 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.