Electricity Rates in Monroe, LA
Average electricity cost, utility comparison, and solar savings potential for Monroe homeowners.
Monroe Electricity Cost Overview
The average residential electricity rate in Monroe, LA is $0.10 per kWh, which is 37% below the national average of $0.16/kWh. Homeowners in Monroe pay an average of $96 per month for electricity, based on typical usage of 957 kWh per month.
Electricity rates in Monroe are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Monroe
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Entergy Louisiana | $0.10 | $96 |
| Cleco Power | $0.10 | $96 |
| Southwestern Electric Power | $0.11 | $105 |
How Solar Compares to Monroe Electricity Rates
Without Solar
- Monthly bill: $96
- Annual cost: $1,152
- 25-year cost: $28,800
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $75
- Annual savings: $900
- 25-year savings: $26,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Monroe, LA
The average residential electricity rate in Monroe is $0.10 per kilowatt-hour (kWh), which is 37% below the national average of $0.16/kWh. The average monthly electric bill for Monroe homeowners is approximately $96.
With solar panels, Monroe homeowners can reduce their electricity costs by approximately 78%, saving around $75 per month or $26,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Monroe area include Entergy Louisiana, Cleco Power, Southwestern Electric Power. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Monroe and across Louisiana 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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