Electricity Rates in Concord, NC
Average electricity cost, utility comparison, and solar savings potential for Concord homeowners.
Electricity in Concord, NC averages $0.12/kWh and about $96/month — here is how that compares and how solar lowers it.
- The average residential electricity rate in Concord is $0.12/kWh, 25% below the U.S. average of $0.16/kWh.
- A typical Concord home pays about $96 per month for electricity.
- North Carolina has a regulated market — the local utility sets the rate.
- Solar panels cut a typical Concord bill by about 78% (around $75/month) and lock in costs for 25+ years.
What is the average electricity rate in Concord, NC?
The average residential electricity rate in Concord, NC is $0.12 per kWh, which is 25% below the national average of $0.16/kWh. Homeowners in Concord pay an average of $96 per month for electricity, based on typical usage of 797 kWh per month.
Electricity rates in Concord are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Which electric utilities serve Concord, NC?
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Duke Energy Carolinas | $0.12 | $96 |
| Duke Energy Progress | $0.12 | $96 |
| Dominion Energy NC | $0.11 | $88 |
Can solar lower your Concord electricity bill?
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: $30,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Concord, NC
The average residential electricity rate in Concord is $0.12 per kilowatt-hour (kWh), which is 25% below the national average of $0.16/kWh. The average monthly electric bill for Concord homeowners is approximately $96.
With solar panels, Concord homeowners can reduce their electricity costs by approximately 78%, saving around $75 per month or $30,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Concord area include Duke Energy Carolinas, Duke Energy Progress, Dominion Energy NC. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Concord and across North Carolina 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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