Electricity Rates in Hammond, IN

The average residential electricity rate in Hammond is $0.13 per kilowatt-hour (kWh), which is 19% below the national average of $0.16/kWh. The average monthly electric bill for Hammond homeowners is approximately $112.

With solar panels, Hammond homeowners can reduce their electricity costs by approximately 72%, saving around $81 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 Hammond area include Duke Energy Indiana, Indiana Michigan Power (AEP), Indianapolis Power & Light. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Hammond and across Indiana 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.