![]() ![]() If the building is well-insulted and the windows are properly sealed, you’ll save money by keeping warm and cool air in. A top floor, southern exposure apartment with no trees to block the sun will cost more to cool in the summer than a north-facing basement apartment with its windows shrouded in shrubs.īut that same basement apartment might have a higher winter heating bill than its upstairs neighbor. It will be higher overall if you live in a hot or humid place instead of a more temperate zone.Īnd prices can vary between apartments in the same building. Your average electric bill will be higher in the summer months if you’re cranking up the air conditioning or running multiple window units. Location influences heating and cooling, as well. The EIA reports that 51 percent of the average electric bill is dedicated to heat and air conditioning. No matter where you live, heating and cooling will be two of your biggest expenses. Heating, cooling dominate the average electric bill residences was 13.3 cents in July 2019, a marked increase from 7.73 cents per kWh in 2001. The EIA reports that the average price per kilowatt-hour (kWh) for U.S. It’s also important to note that the average cost of energy has gone up in the last two decades, so the rates that you paid in your first apartment won’t be realistic now. It will help give you an idea of where your state falls on the spectrum. Electricity Information Association (EIA) charted the average energy cost by state in 2018. Some cities enjoy lower energy costs than their neighbors. The cost of electricity varies widely from state to state.
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