Electricity Rates in Springfield, MO
Average electricity cost, utility comparison, and solar savings potential for Springfield homeowners.
Springfield Electricity Cost Overview
The average residential electricity rate in Springfield, MO is $0.12 per kWh, which is 25% below the national average of $0.16/kWh. Homeowners in Springfield pay an average of $117 per month for electricity, based on typical usage of 975 kWh per month.
Electricity rates in Springfield are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Springfield
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Ameren Missouri | $0.12 | $117 |
| Evergy (KCP&L) | $0.12 | $117 |
| Empire District Electric | $0.11 | $107 |
How Solar Compares to Springfield Electricity Rates
Without Solar
- Monthly bill: $117
- Annual cost: $1,404
- 25-year cost: $35,100
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $87
- Annual savings: $1,044
- 25-year savings: $27,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Springfield, MO
The average residential electricity rate in Springfield is $0.12 per kilowatt-hour (kWh), which is 25% below the national average of $0.16/kWh. The average monthly electric bill for Springfield homeowners is approximately $117.
With solar panels, Springfield homeowners can reduce their electricity costs by approximately 74%, saving around $87 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 Springfield area include Ameren Missouri, Evergy (KCP&L), Empire District Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Springfield and across Missouri 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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