Electricity Rates in Florence, KY
Average electricity cost, utility comparison, and solar savings potential for Florence homeowners.
Florence Electricity Cost Overview
The average residential electricity rate in Florence, KY is $0.11 per kWh, which is 31% below the national average of $0.16/kWh. Homeowners in Florence pay an average of $89 per month for electricity, based on typical usage of 806 kWh per month.
Electricity rates in Florence are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Florence
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Kentucky Utilities (LG&E/KU) | $0.11 | $89 |
| Louisville Gas & Electric | $0.10 | $81 |
| Duke Energy Kentucky | $0.12 | $97 |
How Solar Compares to Florence Electricity Rates
Without Solar
- Monthly bill: $89
- Annual cost: $1,068
- 25-year cost: $26,700
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $64
- Annual savings: $768
- 25-year savings: $24,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Florence, KY
The average residential electricity rate in Florence is $0.11 per kilowatt-hour (kWh), which is 31% below the national average of $0.16/kWh. The average monthly electric bill for Florence homeowners is approximately $89.
With solar panels, Florence homeowners can reduce their electricity costs by approximately 72%, saving around $64 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 Florence area include Kentucky Utilities (LG&E/KU), Louisville Gas & Electric, Duke Energy Kentucky. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Florence and across Kentucky 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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