Electricity rates · July 2026
Electricity rates in New York
Homes in New York paid an average of 29.90¢ per kWh in July 2026 — well above the U.S. average of 18.31¢ and up 14.0% from a year earlier. It ranks #5 of 51 (50 states and D.C.), from most to least expensive.
- Residential price per kWh
- 29.90¢
- U.S. 18.31¢
- Commercial price per kWh
- 24.18¢
- U.S. 14.53¢
- Industrial price per kWh
- 10.81¢
- U.S. 9.77¢
- All sectors price per kWh
- 25.18¢
- U.S. 14.99¢
What electricity costs per month in New York
Cost at the state average residential price, which includes taxes and fees. Your utility's rates may differ. Try your own kWh.
| Monthly use | New York | U.S. average |
|---|---|---|
| 500 kWh | $150 | $92 |
| 900 kWh | $269 | $165 |
| 1,200 kWh | $359 | $220 |
| 1,500 kWh | $449 | $275 |
New York vs. the Middle Atlantic region
Residential price per kWh, July 2026, and change from a year earlier.
| Area | Price | vs. year ago |
|---|---|---|
| New York | 29.90¢ | +14.0% |
| Middle Atlantic average | 25.71¢ | +9.3% |
| New Jersey | 25.19¢ | -0.5% |
| Pennsylvania | 21.72¢ | +11.3% |
Could solar cut your New York bill?
At 29.90¢/kWh, our example 7 kW system pays back in 7.5 years and saves $2,703 in year one.
Common questions
What is the average electricity rate in New York?
29.90¢ per kWh for residential customers in July 2026, according to the U.S. Energy Information Administration. That is well above the national average of 18.31¢. Your own rate depends on your utility and plan.
How much does 1,000 kWh of electricity cost in New York?
At the state average of 29.90¢/kWh, 1,000 kWh of energy costs about $299. That average already includes taxes and fees spread across all kWh sold; your own cost depends on your utility's rates and how much you use.
Are electricity prices in New York going up?
The July 2026 average was up 14.0% from the same month a year earlier (26.22¢). Recent EIA months are preliminary and can be revised.
Is solar worth it in New York at these prices?
For our example 7 kW system on a 10,500 kWh/yr home with full net metering, payback in New York is 7.5 years at today's average price. It depends heavily on your rate, roof and how your utility credits exports — see the state solar page for details.
Electricity rates in other states
Source: U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.A (average price of electricity to ultimate customers), July 2026. Recent months are preliminary. Monthly cost examples multiply the average price by usage; EIA derives the average by dividing utility revenue (including taxes and fees) by kWh sold.
