Electricity Rates in South Bend, IN

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

With solar panels, South Bend 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 South Bend 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 South Bend 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.