Electricity Rates in Kentucky
Average residential electricity cost, utility comparison, and solar savings potential for Kentucky homeowners.
Kentucky Electricity Cost Overview
The average residential electricity rate in Kentucky is $0.11 per kWh, which is 31% below the national average of $0.16/kWh.Kentucky homeowners pay an average of $89 per month for electricity, based on typical usage of 806 kWh per month.
Electricity rates in this state have been trending upward over the past decade, following national patterns of rising energy costs. As rates continue to increase, solar panels become an increasingly attractive way for homeowners to lock in their energy costs and achieve long-term savings.
Major Electric Utilities in Kentucky
| Utility Company | Avg Rate ($/kWh) | Customers | Est. Monthly Bill |
|---|---|---|---|
| Kentucky Utilities (LG&E/KU) | $0.11 | 560K | $89 |
| Louisville Gas & Electric | $0.10 | 420K | $81 |
| Duke Energy Kentucky | $0.12 | 150K | $97 |
How Solar Compares to Kentucky Electricity Rates
Without Solar
- Monthly bill: $89
- Annual cost: $1,068
- 25-year cost: $26,700
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $64
- Annual savings: $768
- 25-year savings: $24,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Kentucky
The average residential electricity rate in Kentucky is $0.11 per kilowatt-hour (kWh), which is 31% below the national average of $0.16/kWh. The average monthly electric bill is approximately $89.
With solar panels, Kentucky homeowners can reduce their electricity costs by approximately 72%, saving around $64 per month or $24,000 over 25 years. The 30% federal tax credit further reduces the upfront cost.
The largest electric utilities in Kentucky include Kentucky Utilities (LG&E/KU), Louisville Gas & Electric, Duke Energy Kentucky. Rates vary between utilities, so your exact cost depends on your provider and usage.
Yes, electricity rates in Kentucky have been increasing over time, following national trends of 2-5% annual increases. This upward trend makes solar panels an increasingly attractive investment since they lock in your energy costs for 25+ years.
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