WattBuy’s Guide toElectricity in
Electricity in
New Richmond
Indiana
Indiana
Here's the average monthly bill, usage, and carbon footprint of residents in New Richmond
January
$419highestFebruary
$309March
$156April
$135May
$134lowestJune
$142July
$146August
$140September
$134lowestOctober
$145November
$160December
$282Carbon Emissions
1,829 lbs CO₂
Monthly Usage
1,299 kWh
New Richmond's energy comes from Coal, Natural Gas, Wind, and Solar. Coal is the largest source of electricity, providing 52% of New Richmond's energy. Natural Gas is the second largest source, making up 34%. Wind provides 11% of the energy in New Richmond. Solar provides 3% of the energy in New Richmond.
52%
Coal
34%
Natural Gas
11%
Wind
3%
Solar
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
0 kWh
Energy generated by average sized system
$17,095
Average system cost
(after federal incentive)
11 years
Payback period
Net metering policies in New Richmond 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.
Tipmont Rural Elec Member 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 - Single Phase | TOU | 9¢ to 28¢ |
| Residential Prepay Service - Single Phase | Fixed | 13¢ |
| Residential - Single Phase | Fixed | 13¢ |
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