Electricity Rates in Reno, NV
Average electricity cost, utility comparison, and solar savings potential for Reno homeowners.
Reno Electricity Cost Overview
The average residential electricity rate in Reno, NV is $0.12 per kWh, which is 25% below the national average of $0.16/kWh. Homeowners in Reno pay an average of $115 per month for electricity, based on typical usage of 957 kWh per month.
Electricity rates in Reno are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Reno
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| NV Energy | $0.12 | $115 |
| Valley Electric Association | $0.11 | $105 |
| Mt. Wheeler Power | $0.10 | $96 |
How Solar Compares to Reno Electricity Rates
Without Solar
- Monthly bill: $115
- Annual cost: $1,380
- 25-year cost: $34,500
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $104
- Annual savings: $1,248
- 25-year savings: $40,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Reno, NV
The average residential electricity rate in Reno is $0.12 per kilowatt-hour (kWh), which is 25% below the national average of $0.16/kWh. The average monthly electric bill for Reno homeowners is approximately $115.
With solar panels, Reno homeowners can reduce their electricity costs by approximately 90%, saving around $104 per month or $40,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Reno area include NV Energy, Valley Electric Association, Mt. Wheeler Power. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Reno and across Nevada 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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