Electricity Rates in Lakes, AK
Average electricity cost, utility comparison, and solar savings potential for Lakes homeowners.
Electricity in Lakes, AK averages $0.22/kWh and about $215/month — here is how that compares and how solar lowers it.
- The average residential electricity rate in Lakes is $0.22/kWh, 38% above the U.S. average of $0.16/kWh.
- A typical Lakes home pays about $215 per month for electricity.
- Alaska has a regulated market — the local utility sets the rate.
- Solar panels cut a typical Lakes bill by about 74% (around $159/month) and lock in costs for 25+ years.
What is the average electricity rate in Lakes, AK?
The average residential electricity rate in Lakes, AK is $0.22 per kWh, which is 38% above the national average of $0.16/kWh. Homeowners in Lakes pay an average of $215 per month for electricity, based on typical usage of 975 kWh per month.
Electricity rates in Lakes are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Which electric utilities serve Lakes, AK?
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Chugach Electric | $0.21 | $205 |
| Matanuska Electric | $0.19 | $185 |
| Golden Valley Electric | $0.24 | $234 |
Can solar lower your Lakes electricity bill?
Without Solar
- Monthly bill: $215
- Annual cost: $2,580
- 25-year cost: $64,500
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $159
- Annual savings: $1,908
- 25-year savings: $18,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Lakes, AK
The average residential electricity rate in Lakes is $0.22 per kilowatt-hour (kWh), which is 38% above the national average of $0.16/kWh. The average monthly electric bill for Lakes homeowners is approximately $215.
With solar panels, Lakes homeowners can reduce their electricity costs by approximately 74%, saving around $159 per month or $18,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Lakes area include Chugach Electric, Matanuska Electric, Golden Valley Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Lakes and across Alaska 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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