20 Cities With the Highest Electricity Rates in the US

3. Fayetteville, NC 

Median Electricity Cost: $200 

The average residential electricity rate in Fayetteville is 13 ¢/kWh, which is 32% lower than the national average of 19 ¢/kWh, but 5% higher than the North Carolina state average of 13.42 ¢/kWh. To offset 100% of their annual electricity consumption of 17,160 kWh, the average Fayetteville resident would need an 11.4 kilowatt (kW) solar panel system, which costs around $30,000 before incentives in North Carolina However, installing such a system can lead to significant long-term savings, with an estimated $50,500 saved over 20 years on electric bills in Fayetteville.