Electricity bills in Arizona are higher than the national average. The average monthly electricity cost in Arizona is $128.40, according to the US Energy Information Administration (EIA). Arizona is ranked sixth in the country, and it is significantly more than the national average of $111.67.
Is living in Lake Havasu expensive?
Housing costs in Lake Havasu City are 9% higher than the national average, while utilities costs are 1% cheaper than the national average. The cost of transportation, such as bus fares and gas costs, is 10% higher than the national average. Grocery prices in Lake Havasu City are 4 percent lower than the national average.
In Arizona, how much does electricity cost?
In 2020, the average power price in Arizona was 12.3 cents per kilowatt-hour (kWh).
In the Western United States, Arizona had the fourth highest average electricity price. The average electricity price in California was 20.5 cents per kilowatt-hour, far higher than the western states and the rest of the country. With the exception of California, the US average of 13.2 cents per kilowatt-hour was higher than all western states. The Northwest had some of the lowest electricity prices, with Washington leading the way at 9.9 cents per kWh.
Tucson Electric Power and Trico Electric Cooperative both served parts of Pima County and had energy pricing that were comparable to those in the rest of the state. Tucson Electric Power charged somewhat more than the state in 2020, at 12.4 cents per kWh, while Trico Electric Cooperative charged much more, at 14.1 cents.
Electric utilities are regarded natural monopolies because there is no competition or free market entry; as a result, the government supervises them. Government control ensures that service is acceptable, companies respond quickly, rates are reasonable, and the utility adheres to stringent safety requirements. Even with government regulation, the average price of energy can vary greatly due to changes in the utility’s operational costs. Prices may also vary depending on the time of day and consumer costs.
Electricity consumption accounts for a significant portion of household spending. Customers that generate their own electricity and use net metering to sell energy back to a utility can lower their utility bills. Electricity consumers can lower their overall energy expenses by using net metering. Net metering households often generate energy through personal solar gathering, but they may also use other sources such as wind, hydropower, or virtual solar.
The average power price in Arizona ranged from 8.3 cents per kWh to 14.1 cents per kWh in 2020, with rates ranging from 8.3 cents to 14.1. Trico Electric Cooperative, which serves parts of Pima County, has the highest rate at 14.1 cents per kWh.
The number of customers who use net metering is steadily increasing. Tucson Electric Power, Trico Electric Cooperative, and the state of Arizona all saw an increase in net metering consumers between 2013 and 2020. Tucson Electric Power grew its net metering subscribers by 573.0 percent during that time, outpacing Trico Electric Cooperative and the state of Arizona, which grew by 367.5 percent and 441.2 percent, respectively. Virtual solar, a novel net metering option where customers can join or subscribe to a solar community and reap the benefits of solar net metering without having to install rooftop solar, was first measured in 2017 by the US Energy Information Administration. Trico Electric Cooperative and Salt River Project are the only virtual net metering clients in Arizona right now. To learn more about virtual net metering, go to the Energy Use Comparison page.
Six utilities in Arizona now report net metering subscribers. With 10,103 net metering consumers per 100,000 in 2020, Arizona Public Service Company had the most, followed by Tucson Electric Power with 7,053 net metering customers per 100,000.
With 8,673 net metering subscribers per 100,000 in 2020, California vastly outpaced the other western states. With 6,217 net metering subscribers per 100,000, Arizona came in second, while Texas came in last. Between 2019 and 2020, the number of household net metering subscribers in the United States climbed by 16.5 percent to 2,661,029 across the country (EIA, Electric Power Annual 2020, Table 4.10).
The Energy Information Administration (EIA) of the United States publishes information on the average price of energy in the United States, states, and utility providers. Each utility reports net metering data to the EIA, which the EIA aggregates and publishes for the public. The EIA is the US Department of Energy’s statistical and analytical department. They gather, analyze, and disseminate data on the entire range of energy sources, end uses, and energy flows. Data is published on a monthly and annual basis.
What is the average summer electric bill in Arizona?
“A average household electric bill in Arizona in March or April might be $90 per month. “However, during the summer, such expenses can reach nearly $180,” Daniel noted.
What is the monthly cost of air conditioning in Arizona?
Phoenix residents pay an average of 11.96 cents per kWh of electricity, according to Electricity Local. Arizona’s scorching summers, as we mentioned in our essay on air conditioner energy consumption, play a big influence in that comparatively high figure (see stats from across the United States here).
As a result, it’s not unusual for your electricity cost to more than double during the summer. According to the US Energy Information Administration, air conditioning accounts for one-quarter of total domestic energy consumption in Arizona. That’s four times higher than the national average!
Unfortunately, due to a lack of particular data, establishing the typical electric cost in Phoenix throughout the summer is difficult. We can speak from experience, having serviced air conditioners in Phoenix for over 35 years. During the peak summer months, people who live in 2,000 square foot homes (only slightly larger than the city’s average of roughly 1,600 square feet) often pay around $450 per month.
How Much is the Average Electric Bill in Arizona?
If you’ve come to this page because you’re thinking of moving to Arizona, don’t be put off by the stats. The state compensates for the costly summers with warm winters (if you can even really call them that). The temperature rarely falls below 40 degrees, and your lower-than-average heating expenditures will help you keep your monthly payments to an average of $128 per year. That’s still higher than the national average of $111 a month, but nowhere near what visitors might think after seeing our exorbitant summer cooling costs.
Average Electric Bill in an Arizona Apartment
Unsurprisingly, apartments are easier to cool in the summer than houses. If you live in a particularly small space, you might be able to get by with just one window air conditioner. To be conservative (one again, we’re relying on historical data), you could expect to pay between $200 and $250 for heating during the summer months and considerably under $100 during the cooler months.
In other words, air conditioning expenditures will still account for a big share of the average power bill in a Phoenix apartment, but at a far more proportional rate. Heat pumps are preferred by some residents over air conditioners because they are less expensive.
Is living in Nevada or Arizona less expensive?
Both states provide tax benefits to retirees, which are especially appealing if you live on a limited income or have children who will inherit your estate. There is no inheritance tax in Arizona or Nevada.
Nevada also has the advantage of not having a state income tax, whereas Arizona has neither a gift or inheritance tax nor a tax on social security payments. Some pensions are also free from state income taxes in Arizona. If these concerns you, more investigation into your specific situation may be required before deciding between Arizona and Nevada.
With lower taxes and greater spare income for retirees, it’s also crucial to look into the cost of living in the area where you want to retire. Both Arizona and Nevada have lower than average living costs, while some areas in Nevada, such as Kingsbury and Gardnerville, are more expensive. In this aspect, Arizona is often more beneficial, with a cost of living that is typically 5% cheaper than the national average.
How much does it cost to run an air conditioner in Arizona?
If your air conditioner uses 3,500 watts and you run it for 8 hours per day at 12.20 cents per kWh, you’ll pay $3.42 per day, or $103.91 per month.
