Electricity Rates in Monroe, LA

The average residential electricity rate in Monroe is $0.10 per kilowatt-hour (kWh), which is 37% below the national average of $0.16/kWh. The average monthly electric bill for Monroe homeowners is approximately $96.

With solar panels, Monroe homeowners can reduce their electricity costs by approximately 78%, saving around $75 per month or $26,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Monroe area include Entergy Louisiana, Cleco Power, Southwestern Electric Power. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Monroe and across Louisiana 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.