Energy Storage: Lowers Electricity Costs & Reduces Ratepayer
Energy storage technologies are uniquely positioned to reduce energy system costs and, over the long-term, lower rates for consumers. Read ACP''s Fact Sheet to learn more in detail.
The national average monthly residential electricity bill is $147.16, while the Georgia average is $156.02 per month. Georgia ranks 40th in the nation for lowest average electricity bill total. The state is the 25th largest generator of electricity per capita, averaging 13.1 megawatt hours produced per capita per year.
T he average energy loss for electricity providers in Georgia is 3.84%. This includes data from 57 suppliers, including Georgia Power, Jackson EMC, and Cobb Electric Membership Corp. With a nationwide average of 2.43%, Georgia is ranked as the 36th best state in the United States.
Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Georgia, the average monthly electric bill for residential customers is $252/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,656.00 kWh * 15 ¢/kWh.
Based on the intensity and amount of sunlight hours in Georgia, the average electricity customer in Georgia will need a 13.7 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 19872 kWh per year.
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