WattBuy’s Guide toElectricity in
Electricity in
Wake Forest
North Carolina
North Carolina
Here's the average monthly bill, usage, and carbon footprint of residents in Wake Forest
January
$384highestFebruary
$237March
$175April
$163lowestMay
$174June
$195July
$199August
$188September
$171October
$175November
$172December
$240Carbon Emissions
751 lbs CO₂
Monthly Usage
1,393 kWh
Wake Forest's energy comes from Natural Gas, Nuclear, Solar, Coal, Hydroelectric, and Wind. Natural Gas is the largest source of electricity, providing 37% of Wake Forest's energy. Nuclear is the second largest source, making up 35%. Solar provides 13% of the energy in Wake Forest. Coal provides 9% of the energy in Wake Forest. Hydroelectric provides 4% of the energy in Wake Forest. Wind provides 1% of the energy in Wake Forest.
37%
Natural Gas
35%
Nuclear
13%
Solar
9%
Coal
4%
Hydroelectric
1%
Wind
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
777 kWh
Energy generated by average sized system
$19,484
Average system cost
(after federal incentive)
12 years
Payback period
Net metering policies in Wake Forest 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.
| incentive | savings | utility | |
| Heat Pump Water Heaters | $350 | Duke Energy Carolinas | See Details |
| Central Air Conditioning - Split Systems | $400-$500 | Dominion Energy South Carolina, Inc | See Details |
| Air-Source Heat Pump - Single Package | $400-$500 | Dominion Energy South Carolina, Inc | See Details |
| Light Bulbs | Varies | Dominion Energy South Carolina, Inc | See Details |
| Central Air Conditioning - Single Package | $400-$500 | Dominion Energy South Carolina, Inc | See Details |
| Air-Source Heat Pump - Split Systems | $400-$500 | Dominion Energy South Carolina, Inc | See Details |
| Light Bulbs | Varies | Duke Energy Carolinas | See Details |
| Heat Pump Water Heaters | $750 | Dominion Energy South Carolina, Inc | See Details |
| Light Fixtures | Varies | Duke Energy Carolinas | See Details |
Wake Electric Membership Corp has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Time Of Use + Electric Vehicle - Three Phase | TOU | 5¢ to 24¢ |
| Residential Service -Three Phase | Fixed | 11¢ |
| Residential Time of Use- Three Phase | TOU | 8¢ to 27¢ |
| Residential Service with Electric Vehicle- Three Phase | TOU | 9¢ to 11¢ |
| Residential Time Of Use- Single Phase | TOU | 8¢ to 27¢ |
| Residential Service with Electric Vehicle- Single Phase | TOU | 9¢ to 11¢ |
| RESIDENTIAL TIME-OF-USE SERVICE Three-Phase | TOU | 8¢ to 28¢ |
| Residential Service Single-Phase | Fixed | 11¢ |
| Residential Time Of Use + Electric Vehicle - Single Phase | TOU | 5¢ to 24¢ |
Duke Energy Carolinas - North Carolina has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service | Fixed | 12¢ |
| Residential Service, Time of Use | TOU | 5¢ to 436¢ |
| Residential Service Electric Water Heating and Space Conditioning | Fixed | 10¢ to 12¢ |
| Residential Service, Energy Star (All-Electric) | Fixed | 10¢ to 11¢ |
| Residential Service, Energy Star(Standard) | Fixed | 11¢ |
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