On average, Springfield, MA residents spend about $250 per month on electricity. That adds up to $3,000 per year.
That’s 34% higher than the national average electric bill of $2,245. The average electric rates in Springfield, MA cost 28 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Springfield, MA is using 885 kWh of electricity per month, and 10,620 kWh over the course of the year.
Electric rates in Springfield, MA
This data is aggregated over the past 6 months.
Key takeaways about electric rates in Springfield, MA
- Over the next 25 years, you should expect to pay $159,800 on electric bills in Springfield, MA.
- You can reduce your electric bill by using less electricity or by reducing the cost of your electricity (like by installing a solar system).
- If you install a solar system, on average, you’ll break even on your solar investment in 8.93 years in Springfield, at which point you may not owe anything on your electric bills.
- If you’re a renter or are unable to install solar on your property, you can save 5-15% on your electric bill by subscribing to a community solar farm.
On this page
- How much can you save on electric bills with solar in Springfield, MA?
- How much can you save on electric bills with community solar in Springfield, MA?
- Electric bills in Springfield, MA
- Electric rates in Springfield, MA
- How solar helps you save on electric bills
- Frequently asked questions about electricity rates and solar
Electric bill savings with solar in Springfield, MA
Solar saves you money by reducing or eliminating your monthly electric bill. The amount that you can save with solar in Springfield, MA is based on two factors: how much you spend on electricity now and how much of your electric bill you can offset with solar.
Based on the intensity and amount of sunlight hours in Springfield, MA, the average electricity customer in Springfield, MA will need a 7.9 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 10,620 kWh per year. On the EnergySage Marketplace, solar shoppers in Springfield, MA pay an average of $27,000 for a 7.9 kW solar panel system prior to incentives.
The savings from offsetting 100% of an electric bill with solar can add up fast! Assuming an 5.8% annual increase in electricity prices and that you install your system with a $0-down loan, you can expect to save $3,000 in your first year, $16,800 over five years, $39,100 over 10 years, and $107,900 over 20 years on electric bills in Springfield, MA. Over your system’s lifetime you’ll save more by financing your solar system with a cash purchase, but you won’t start saving in year one. Learn more about how to finance your solar panel system.
How much can you save by going solar in Springfield, MA?
How much can you save on electric bills with community solar in Springfield, MA?
Even if onsite solar doesn’t make sense for you, you can still participate in the clean energy transition and save on your electric bills by subscribing to a community solar farm. Community solar programs in Springfield, MA typically save you 5-15% in electricity costs over the course of the year. For the average electricity customer in Springfield, MA, 10% annual savings would amount to $300 in savings per year.
How much can you save by subscribing to a community solar farm in Springfield, MA?
Find out how much community solar can save you in 2024
Electric bills in Springfield, MA
Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Springfield, MA, the average monthly electric bill for residential customers is $250/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 885 kWh * 28 ¢/kWh.
Electric bills are designed to cover all of the costs of producing the electricity that you use, of running and maintaining the electrical grid to help prevent outages, and of any public benefit funds that promote things like renewable energy and energy efficiency. These costs are rolled into both fixed charges (i.e., monthly customer charges) and variable charges (i.e., ¢/kWh that you use). While fixed charges will remain the same from month to month, the portion of variable charges on your bill each month will change based on how much electricity you use. As a result, there are two ways to reduce your bills: by either using less electricity or by reducing the cost of electricity, by installing solar for instance.
Electric rates in Springfield, MA
The easiest way to compare the cost of electricity from one region to another is to look at the electricity rate. Residential rates in the U.S. range from 6 ¢/kWh to 71 ¢/kWh depending upon where you live, what types of power plants provide your electricity, and when during the day or year you’re consuming electricity.
The average residential electricity rate in Springfield, MA is 28 ¢/kWh, which is 13% lower than the average electricity rate in Massachusetts of 32.61 ¢/kWh. The average residential electricity rate in Springfield, MA is 51% higher than the national average rate of 19 ¢/kWh.
