Electricity Rates in Stamford, CT
Average electricity cost, utility comparison, and solar savings potential for Stamford homeowners.
Stamford Electricity Cost Overview
The average residential electricity rate in Stamford, CT is $0.25 per kWh, which is 56% above the national average of $0.16/kWh. Homeowners in Stamford pay an average of $253 per month for electricity, based on typical usage of 1010 kWh per month.
Electricity rates in Stamford are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since Connecticut has a deregulated electricity market, Stamford residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Stamford
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Eversource Energy | $0.27 | $273 |
| United Illuminating | $0.24 | $242 |
| Norwich Public Utilities | $0.19 | $192 |
How Solar Compares to Stamford Electricity Rates
Without Solar
- Monthly bill: $253
- Annual cost: $3,036
- 25-year cost: $75,900
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $202
- Annual savings: $2,424
- 25-year savings: $38,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Stamford, CT
The average residential electricity rate in Stamford is $0.25 per kilowatt-hour (kWh), which is 56% above the national average of $0.16/kWh. The average monthly electric bill for Stamford homeowners is approximately $253.
With solar panels, Stamford homeowners can reduce their electricity costs by approximately 80%, saving around $202 per month or $38,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Stamford area include Eversource Energy, United Illuminating, Norwich Public Utilities. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Stamford and across Connecticut 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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