Electricity Rates in Laramie, WY

The average residential electricity rate in Laramie is $0.10 per kilowatt-hour (kWh), which is 37% below the national average of $0.16/kWh. The average monthly electric bill for Laramie homeowners is approximately $91.

With solar panels, Laramie homeowners can reduce their electricity costs by approximately 80%, saving around $73 per month or $24,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Laramie area include Rocky Mountain Power, Black Hills Energy, Cheyenne Light, Fuel & Power. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Laramie and across Wyoming 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.