Electricity Rates in Milwaukee, WI

The average residential electricity rate in Milwaukee is $0.15 per kilowatt-hour (kWh), which is 6% below the national average of $0.16/kWh. The average monthly electric bill for Milwaukee homeowners is approximately $152.

With solar panels, Milwaukee homeowners can reduce their electricity costs by approximately 70%, saving around $106 per month or $27,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Milwaukee area include We Energies, Alliant Energy (WPL), Madison Gas & Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Milwaukee and across Wisconsin 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.