Electricity rate history

Solar savings projections hinge on how fast electricity prices rise. Here's what actually happened in your state, from EIA data.

Last 12 months
33.0¢through July 2026
2015–2025 growth
6.3%per year
2020–2025 growth
8.9%per year
California average residential price (¢/kWh)
Show as a table
PeriodValue
'1014.8
'1114.8
'1215.3
'1316.2
'1416.3
'1517.0
'1617.4
'1718.3
'1818.8
'1919.1
'2020.4
'2122.8
'2225.8
'2329.5
'2432.0
'2531.4

Solar in California

All states: residential price growth (EIA)
State20152025Last 12 months10-yr growth/yr5-yr growth/yr
Alabama11.70¢16.09¢16.44¢3.2%5.0%
Alaska19.83¢26.11¢26.85¢2.8%3.0%
Arizona12.13¢15.26¢15.40¢2.3%4.5%
Arkansas9.82¢12.87¢13.43¢2.7%4.3%
California16.99¢31.35¢32.99¢6.3%8.9%
Colorado12.12¢15.69¢16.58¢2.6%4.9%
Connecticut20.94¢29.31¢27.99¢3.4%5.2%
Delaware13.42¢17.15¢17.79¢2.5%6.4%
District of Columbia12.99¢21.92¢24.20¢5.4%11.7%
Florida11.58¢15.21¢15.39¢2.8%6.2%
Georgia11.54¢14.74¢15.12¢2.5%4.2%
Hawaii29.60¢40.40¢43.51¢3.2%5.9%
Idaho9.93¢11.83¢12.65¢1.8%3.5%
Illinois12.50¢17.67¢18.79¢3.5%6.3%
Indiana11.57¢15.96¢16.94¢3.3%4.5%
Iowa11.63¢13.62¢14.13¢1.6%1.8%
Kansas12.34¢14.44¢15.09¢1.6%2.4%
Kentucky10.24¢13.13¢13.92¢2.5%3.9%
Louisiana9.33¢12.52¢12.99¢3.0%5.3%
Maine15.61¢27.69¢29.31¢5.9%10.5%
Maryland13.82¢19.53¢21.03¢3.5%8.5%
Massachusetts19.83¢30.41¢30.43¢4.4%6.7%
Michigan14.42¢20.03¢21.05¢3.3%4.3%
Minnesota12.12¢15.83¢16.22¢2.7%3.8%
Mississippi11.27¢14.03¢14.77¢2.2%4.7%
Missouri11.21¢13.30¢13.95¢1.7%3.5%
Montana10.88¢12.99¢13.84¢1.8%2.9%
Nebraska10.60¢12.05¢12.86¢1.3%2.2%
Nevada12.76¢13.26¢13.36¢0.4%3.2%
New Hampshire18.50¢24.53¢26.67¢2.9%5.2%
New Jersey15.81¢22.48¢23.78¢3.6%7.0%
New Mexico12.47¢14.85¢15.32¢1.8%2.8%
New York18.54¢26.39¢28.39¢3.6%7.5%
North Carolina11.28¢14.00¢14.77¢2.2%4.2%
North Dakota9.62¢11.82¢12.32¢2.1%2.5%
Ohio12.80¢16.90¢18.25¢2.8%6.6%
Oklahoma10.14¢13.21¢13.70¢2.7%5.5%
Oregon10.66¢15.46¢15.50¢3.8%6.7%
Pennsylvania13.64¢19.29¢20.70¢3.5%7.3%
Rhode Island19.29¢29.48¢29.27¢4.3%6.0%
South Carolina12.57¢15.12¢15.64¢1.9%3.4%
South Dakota11.08¢13.32¢14.20¢1.9%2.5%
Tennessee10.30¢13.22¢13.56¢2.5%4.2%
Texas11.56¢15.40¢15.96¢2.9%5.6%
Utah10.88¢13.02¢13.32¢1.8%4.5%
Vermont17.09¢22.79¢23.80¢2.9%3.1%
Virginia11.37¢15.28¢16.48¢3.0%4.9%
Washington9.09¢13.17¢14.12¢3.8%5.9%
West Virginia10.08¢15.39¢15.48¢4.3%5.5%
Wisconsin14.11¢18.08¢18.74¢2.5%4.8%
Wyoming10.97¢13.37¢14.01¢2.0%3.8%

Use history, not hype

Prices don't rise in a straight line. They jump with fuel costs, storms and big grid investments, then flatten. Over the long run, U.S. residential prices have roughly tracked inflation. When a salesperson's projection assumes prices rise faster than your state's history, ask them to rerun it at a realistic rate.

Source: EIA Form 861 annual data 2010–2025 and EIA-861M monthly data through July 2026.

Questions

How fast do electricity prices rise each year?

U.S. average residential prices rose about 3.1% a year from 2005 to 2025 before inflation, and about 0.5% a year after inflation (EIA, BLS). Individual states range from nearly flat to over 6% a year.

What rate increase should I use for solar savings?

Use something close to your state's long-run history. Our calculator uses each state's 2015–2025 average, capped between 1.5% and 4% a year. Be skeptical of sales projections that assume 5% or more.