Electricity Rates in Salem, NH
Average electricity cost, utility comparison, and solar savings potential for Salem homeowners.
Salem Electricity Cost Overview
The average residential electricity rate in Salem, NH is $0.21 per kWh, which is 31% above the national average of $0.16/kWh. Homeowners in Salem pay an average of $199 per month for electricity, based on typical usage of 948 kWh per month.
Electricity rates in Salem are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since New Hampshire has a deregulated electricity market, Salem residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Salem
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Eversource Energy | $0.22 | $209 |
| Unitil Energy | $0.21 | $199 |
| Liberty Utilities | $0.20 | $190 |
How Solar Compares to Salem Electricity Rates
Without Solar
- Monthly bill: $199
- Annual cost: $2,388
- 25-year cost: $59,700
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $159
- Annual savings: $1,908
- 25-year savings: $33,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Salem, NH
The average residential electricity rate in Salem is $0.21 per kilowatt-hour (kWh), which is 31% above the national average of $0.16/kWh. The average monthly electric bill for Salem homeowners is approximately $199.
With solar panels, Salem homeowners can reduce their electricity costs by approximately 80%, saving around $159 per month or $33,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Salem area include Eversource Energy, Unitil Energy, Liberty Utilities. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Salem and across New Hampshire 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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