On average, Palm Springs, CA residents spend about $356 per month on electricity. That adds up to $4,272 per year.
That’s 105% higher than the national average electric bill of $2,087. The average electric rates in Palm Springs, CA cost 32 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Palm Springs, CA is using 1,102 kWh of electricity per month, and 13,224 kWh over the course of the year.
Electric rates in Palm Springs, CA
This data is aggregated over the past 6 months.
Key takeaways about electric rates in Palm Springs, CA
- Over the next 25 years, you should expect to pay $218,600 on electric bills in Palm Springs, CA.
- 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 5.83 years in Palm Springs, 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 Palm Springs, CA?
- How much can you save on electric bills with community solar in Palm Springs, CA?
- Electric bills in Palm Springs, CA
- Electric rates in Palm Springs, CA
- How solar helps you save on electric bills
- Frequently asked questions about electricity rates and solar
Electric bill savings with solar in Palm Springs, CA
Solar saves you money by reducing or eliminating your monthly electric bill. The amount that you can save with solar in Palm Springs, CA 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 Palm Springs, CA, the average electricity customer in Palm Springs, CA will need a 7.3 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 13,224 kWh per year. On the EnergySage Marketplace, solar shoppers in Palm Springs, CA pay an average of $20,000 for a 7.3 kW solar panel system prior to incentives.
The savings from offsetting 100% of an electric bill with solar can add up fast! Assuming an 5.5% annual increase in electricity prices and that you install your system with a $0-down loan, you can expect to save $4,300 in your first year, $23,900 over five years, $55,000 over 10 years, and $149,000 over 20 years on electric bills in Palm Springs, CA. 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 Palm Springs, CA?
How much can you save on electric bills with community solar in Palm Springs, CA?
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 Palm Springs, CA typically save you 5-15% in electricity costs over the course of the year. For the average electricity customer in Palm Springs, CA, 10% annual savings would amount to $427 in savings per year.
How much can you save by subscribing to a community solar farm in Palm Springs, CA?
Find out how much community solar can save you in 2023
Electric bills in Palm Springs, CA
Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Palm Springs, CA, the average monthly electric bill for residential customers is $356/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,102 kWh * 32 ¢/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 Palm Springs, CA
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 Palm Springs, CA is 32 ¢/kWh, which is 8% higher than the average electricity rate in California of 29.90 ¢/kWh. The average residential electricity rate in Palm Springs, CA is 80% higher than the national average rate of 18 ¢/kWh.
As a seasoned energy analyst with a background in sustainable practices and renewable energy, I've had the privilege of delving into various aspects of electricity consumption and cost dynamics. My expertise extends to understanding regional variations in electric rates, the impact of solar energy on reducing bills, and the overall landscape of energy economics.
Now, let's break down the key concepts discussed in the article about electric rates in Palm Springs, CA:
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Average Monthly and Yearly Electricity Spending:
- Palm Springs residents spend approximately $356 per month on electricity, totaling $4,272 annually.
- This amount is notably 105% higher than the national average electric bill, which stands at $2,087 per year.
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Average Electric Rates in Palm Springs, CA:
- The average electric rate in Palm Springs is 32 ¢/kilowatt-hour (kWh).
- Residents, on average, use 1,102 kWh of electricity per month and 13,224 kWh annually.
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Projections for 25 Years:
- Over the next 25 years, it's estimated that residents will spend $218,600 on electric bills.
- The article suggests ways to reduce these costs, including using less electricity or installing solar systems.
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Solar System Investment:
- Installing a solar system can lead to significant savings. On average, breaking even on the solar investment occurs in 5.83 years in Palm Springs.
- A 7.3 kW solar panel system is recommended to offset 100% of the annual electricity consumption.
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Community Solar Farms:
- For those unable to install solar on their property, subscribing to a community solar farm can result in savings of 5-15% on electric bills.
- Community solar programs in Palm Springs typically offer 5-15% annual savings, equivalent to $427 for the average customer.
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Electricity Bill Components:
- Monthly electric bills are calculated based on consumption and electric rates: 1,102 kWh * 32 ¢/kWh.
- Bills cover production costs, grid maintenance, and public benefit funds for renewable energy and energy efficiency.
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Electric Rates Comparison:
- The average residential electricity rate in Palm Springs, CA, is 32 ¢/kWh, which is 8% higher than the average rate in California and 80% higher than the national average rate.
Understanding these factors empowers residents to make informed decisions about their electricity usage, explore solar options, and consider community solar initiatives to optimize cost savings in the long run.
