Electricity Rates in Chesapeake, VA
Average electricity cost, utility comparison, and solar savings potential for Chesapeake homeowners.
Chesapeake Electricity Cost Overview
The average residential electricity rate in Chesapeake, VA is $0.13 per kWh, which is 19% below the national average of $0.16/kWh. Homeowners in Chesapeake pay an average of $120 per month for electricity, based on typical usage of 921 kWh per month.
Electricity rates in Chesapeake are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since Virginia has a deregulated electricity market, Chesapeake residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Chesapeake
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Dominion Energy Virginia | $0.13 | $120 |
| Appalachian Power (AEP) | $0.12 | $111 |
| Northern Virginia Electric Coop | $0.12 | $111 |
Compare & Shop Electricity Rates in Chesapeake
Virginia has a deregulated electricity market, which means Chesapeake residents can choose their electricity supplier. You're not limited to the default utility rate — you can shop for the cheapest electric rates from competing suppliers while your local utility still handles delivery.
How to Find the Lowest Rates in Chesapeake
- Compare suppliers: Check your state's Public Utilities Commission website for a list of approved electricity suppliers serving Chesapeake.
- Fixed vs. variable rates: Fixed-rate plans lock in your price per kWh for the contract term. Variable rates may start lower but can increase with market conditions.
- Watch for fees: Some plans include early termination fees or monthly service charges that offset a low per-kWh rate.
- Consider solar: Instead of switching suppliers every year, solar panels let you generate your own electricity at a fixed cost for 25+ years — often cheaper than any supplier rate.
The current average rate in Chesapeake is $0.13/kWh. By comparing suppliers or adding solar, many homeowners reduce their monthly bill from $120 to under $36 per month.
How Solar Compares to Chesapeake Electricity Rates
Without Solar
- Monthly bill: $120
- Annual cost: $1,440
- 25-year cost: $36,000
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $89
- Annual savings: $1,068
- 25-year savings: $30,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Chesapeake, VA
The average residential electricity rate in Chesapeake is $0.13 per kilowatt-hour (kWh), which is 19% below the national average of $0.16/kWh. The average monthly electric bill for Chesapeake homeowners is approximately $120.
With solar panels, Chesapeake homeowners can reduce their electricity costs by approximately 74%, saving around $89 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 Chesapeake area include Dominion Energy Virginia, Appalachian Power (AEP), Northern Virginia Electric Coop. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Chesapeake and across Virginia 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.
Yes! Virginia has a deregulated electricity market, so Chesapeake residents can compare and switch electricity suppliers to find the lowest rates. Your local utility (Dominion Energy Virginia) still delivers power, but you choose who supplies it. Compare fixed-rate and variable-rate plans, and consider solar panels for the lowest long-term electricity cost.
Get Your Free Solar Quote
No obligation • Compare top installers
Electricity Rates in Other Virginia Cities
Ready to go solar?
Get free quotes from top installers in your area
Start Saving with Solar Today
Join thousands of homeowners who've switched to clean energy
Get Your Free Quote