Electricity Rates in Providence, RI
Average electricity cost, utility comparison, and solar savings potential for Providence homeowners.
Providence Electricity Cost Overview
The average residential electricity rate in Providence, RI is $0.24 per kWh, which is 50% above the national average of $0.16/kWh. Homeowners in Providence pay an average of $189 per month for electricity, based on typical usage of 789 kWh per month.
Electricity rates in Providence are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since Rhode Island has a deregulated electricity market, Providence residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Providence
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Rhode Island Energy | $0.24 | $189 |
| Block Island Power Company | $0.25 | $197 |
| Pascoag Utility District | $0.22 | $174 |
How Solar Compares to Providence Electricity Rates
Without Solar
- Monthly bill: $189
- Annual cost: $2,268
- 25-year cost: $56,700
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $151
- Annual savings: $1,812
- 25-year savings: $36,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Providence, RI
The average residential electricity rate in Providence is $0.24 per kilowatt-hour (kWh), which is 50% above the national average of $0.16/kWh. The average monthly electric bill for Providence homeowners is approximately $189.
With solar panels, Providence homeowners can reduce their electricity costs by approximately 80%, saving around $151 per month or $36,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Providence area include Rhode Island Energy, Block Island Power Company, Pascoag Utility District. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Providence and across Rhode Island 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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