Electricity rates › Indiana

Indiana electricity rates

Homes in Indiana pay an average of 14.8¢ per kWh, 10% below the US average, and use 901 kWh a month. Indiana ranks #27 of 51 for residential electricity prices.

14.8¢average price per kWh

901 kWhaverage use per month

$133average monthly bill

#27 of 51price rank (1 = most expensive)

Residential rates by utility in Indiana

Utility	¢/kWh	ZIP codes served
Duke Energy Indiana, LLC	14.3	428
Northern Indiana Pub Serv Co	17.9	162
Indiana Michigan Power Co	16.1	155
AES Indiana	13.8	82
Southern Indiana Gas & Elec Co	17.2	73
Western Indiana Energy REMC	13.8	45
Utilities Dist-Western IN REMC	16.0	42
Jackson County Rural E M C	16.0	40
South Central Indiana REMC	15.9	36
Whitewater Valley Rural EMC	15.4	35
RushShelby Energy	16.0	33
Southeastern Indiana R E M C	15.4	31

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in Indiana?

At 14.8¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $148. A system that covers the average Indiana home would replace about 10,812 kWh a year, roughly $1,597 of electricity at today’s prices.

8.4 kWsystem for an average home (21 panels)

$25,200rough installed cost

$1,597electricity saved per year

~16 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your Indiana home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).