Electricity Rates in Madison, WI
Average electricity cost, utility comparison, and solar savings potential for Madison homeowners.
Electricity in Madison, WI averages $0.15/kWh and about $152/month — here is how that compares and how solar lowers it.
- The average residential electricity rate in Madison is $0.15/kWh, 6% below the U.S. average of $0.16/kWh.
- A typical Madison home pays about $152 per month for electricity.
- Wisconsin has a regulated market — the local utility sets the rate.
- Solar panels cut a typical Madison bill by about 70% (around $106/month) and lock in costs for 25+ years.
What is the average electricity rate in Madison, WI?
The average residential electricity rate in Madison, WI is $0.15 per kWh, which is 6% below the national average of $0.16/kWh. Homeowners in Madison pay an average of $152 per month for electricity, based on typical usage of 1010 kWh per month.
Electricity rates in Madison are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Which electric utilities serve Madison, WI?
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| We Energies | $0.15 | $152 |
| Alliant Energy (WPL) | $0.14 | $141 |
| Madison Gas & Electric | $0.15 | $152 |
Can solar lower your Madison electricity bill?
Without Solar
- Monthly bill: $152
- Annual cost: $1,824
- 25-year cost: $45,600
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $106
- Annual savings: $1,272
- 25-year savings: $27,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Madison, WI
The average residential electricity rate in Madison is $0.15 per kilowatt-hour (kWh), which is 6% below the national average of $0.16/kWh. The average monthly electric bill for Madison homeowners is approximately $152.
With solar panels, Madison homeowners can reduce their electricity costs by approximately 70%, saving around $106 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 Madison area include We Energies, Alliant Energy (WPL), Madison Gas & Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Madison and across Wisconsin 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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