WattBuy’s Guide toElectricity in
Electricity in
Spencerville
Indiana
Indiana
Here's the average monthly bill, usage, and carbon footprint of residents in Spencerville
January
$538highestFebruary
$449March
$223April
$175May
$171June
$171July
$179August
$173September
$169lowestOctober
$185November
$202December
$380Carbon Emissions
2,138 lbs CO₂
Monthly Usage
1,518 kWh
Spencerville's energy comes from Coal, Natural Gas, Wind, and Solar. Coal is the largest source of electricity, providing 43% of Spencerville's energy. Natural Gas is the second largest source, making up 36%. Wind provides 15% of the energy in Spencerville. Solar provides 5% of the energy in Spencerville.
43%
Coal
36%
Natural Gas
15%
Wind
5%
Solar
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
1,097 kWh
Energy generated by average sized system
$16,566
Average system cost
(after federal incentive)
11 years
Payback period
Net metering policies in Spencerville can help solar panel owners save money and reduce their carbon footprint. When your solar panels generate more electricity than you use, you can send the excess back to the grid and receive credit on your next bill. Just something to keep in mind when considering solar panels.
Indiana Michigan Power has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Electric Service(RS) | Fixed | 15¢ to 15¢ |
| Residential - Off-Peak Energy Storage/ Plug-in Electric Vehicle (OPES/PEV) | TOU | 7¢ to 20¢ |
| Residential Service Time-of-Day 2(RS-TOD2) | TOU | 14¢ to 28¢ |
| Residential Service Time-of-Day(RS-TOD) | TOU | 10¢ to 22¢ |
| Residential Service – Demand Metered(R.S.D) | TOU | 14¢ to 265¢ |
Enter your address and WattBuy's proprietary energy estimation model will find the best electricity options for your home