How to Calculate Estimated Energy Cost for Your Home
                                
                                
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                                    2 min read                                
                            
                                According to the U.S. Energy Information Administration, residential electricity prices averaged about 16.14 cents per kilowatt-hour (kWh) in July 2024, emphasizing the importance of understanding your consumption. Learning how to calculate estimated energy cost can give you a better grasp of your household's expenses and help you identify opportunities for savings.