WattBuy’s Guide toElectricity in
Electricity in
Lakewood
South Carolina
South Carolina
Here's the average monthly bill, usage, and carbon footprint of residents in Lakewood
January
$233February
$137March
$105lowestApril
$108May
$140June
$210July
$241August
$242highestSeptember
$160October
$124November
$114December
$155Carbon Emissions
714 lbs CO₂
Monthly Usage
1,136 kWh
Lakewood's energy comes from Nuclear, Natural Gas, Coal, Hydroelectric, and Solar. Nuclear is the largest source of electricity, providing 56% of Lakewood's energy. Natural Gas is the second largest source, making up 21%. Coal provides 17% of the energy in Lakewood. Hydroelectric provides 3% of the energy in Lakewood. Solar provides 3% of the energy in Lakewood.
56%
Nuclear
21%
Natural Gas
17%
Coal
3%
Hydroelectric
3%
Solar
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
889 kWh
Energy generated by average sized system
$17,833
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in Lakewood 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 | |
| Air-Source Heat Pump - Single Package | $400-$500 | Dominion Energy South Carolina, Inc | See Details |
| Heat Pump Water Heaters | $750 | 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 |
| Heat Pump Water Heaters | $350 | Duke Energy Carolinas | 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 |
| Light Fixtures | Varies | Duke Energy Carolinas | See Details |
| Central Air Conditioning - Split Systems | $400-$500 | Dominion Energy South Carolina, Inc | See Details |
Duke Energy Carolinas - South Carolina has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service Energy Star All-Electric | Fixed | 11¢ to 11¢ |
| Residential Service Time-of-Use | TOU | 5¢ to 427¢ |
| Residential Service Energy Star Standard | Fixed | 12¢ to 12¢ |
| Residential Electric Water Heating and Space Conditioning - RE | Fixed | 11¢ to 12¢ |
| Residential Service | Fixed | 12¢ to 13¢ |
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