Electricity Rates in Raleigh, NC
Average electricity cost, utility comparison, and solar savings potential for Raleigh homeowners.
Raleigh Electricity Cost Overview
The average residential electricity rate in Raleigh, NC is $0.12 per kWh, which is 25% below the national average of $0.16/kWh. Homeowners in Raleigh pay an average of $96 per month for electricity, based on typical usage of 797 kWh per month.
Electricity rates in Raleigh are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Raleigh
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Duke Energy Carolinas | $0.12 | $96 |
| Duke Energy Progress | $0.12 | $96 |
| Dominion Energy NC | $0.11 | $88 |
How Solar Compares to Raleigh 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: $30,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Raleigh, NC
The average residential electricity rate in Raleigh is $0.12 per kilowatt-hour (kWh), which is 25% below the national average of $0.16/kWh. The average monthly electric bill for Raleigh homeowners is approximately $96.
With solar panels, Raleigh 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 Raleigh 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 Raleigh 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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