Madison Electric Works Electricity Rate: $0.15/kWh
Madison Electric Works currently charges $0.15 per kilowatt-hour for residential electricity in Maine. That's 10% below the national average of $0.17/kWh, costing the typical household about $1,628 per year.
Current Rate
$0.15/kWh
Annual Cost
$1,628
vs National
-10%
Solar Savings
$53k
What This Means for Your Electric Bill
At $0.15/kWh, a typical Maine household using 900 kWh per month pays approximately $136/month or $1,628/year for electricity alone.
With solar, an 8kW system producing approximately 9,600 kWh annually could offset $1,447/year in electricity costs. Over 25 years with 3% annual rate increases, total savings reach an estimated $52,746.
Solar Savings Calculator for Madison Electric Works
See how much solar could save you at Madison Electric Works's current rate of $0.15/kWh.
$1,447
17.1 yr
$49,893
60%
Based on Madison Electric Works rate of $0.15/kWh, 1,200 kWh/kW annual production, $3.10/W system cost ($24,800 total), no federal tax credit (Section 25D expired Dec 2025), 3% annual rate escalation, 0.4% panel degradation. Cash purchase assumed.
Heat Pump Operating Cost on Madison Electric Works
At $0.15/kWh, here is what a cold-climate heat pump costs to run annually in ME compared to oil.
$1,175/yr
~7,800 kWh/year
$3,200/yr
ME average household
$2,025/yr
63% less than oil
Heat pump estimate assumes COP 3.0 cold-climate unit, typical ME heating/cooling load.Oil cost based on EIA state-average residential prices. Actual costs vary by home size, insulation, and climate zone.
Tired of Paying $0.15/kWh?
Madison Electric Works customers can lock in solar savings today. Get a personalized estimate based on your actual roof and usage.
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