Residents in Eastlake, OH who request quotes on the EnergySage Marketplace spend an average of $204 monthly on electricity. That adds up to $2,448 per year. A different way to look at it is that a typical Eastlake, OH resident uses 1,316 kWh of electricity per month and 15,792 kWh over the year.
(For what it’s worth: Eastlake, OH residents shopping for solar on EnergySage may use more electricity than a typical household.)
The easiest way to compare electricity costs across regions is to look at the electricity rate. In the U.S., residential rates generally range from 11 ¢/kWh all the way up to 34 ¢/kWh.
As of February 2026, the cost of electricity in Eastlake, OH is 16 ¢/kilowatt-hour (kWh)—roughly 22% lower than the national average cost. That number is based on real-world electric bills shared with EnergySage over the past 12 months. You can compare that number to the most recent average state electric price reported by the U.S. Energy Information Administration (EIA).
Three primary utility companies in Ohio that provide transmission and distribution services include AEP Ohio, Duke Energy Ohio, and Ohio Edison. All of these are Investor Owned Utilities (IOUs).
Some towns and cities in Ohio are served by a Municipal Light Company or cooperative instead of an IOU. For example, Buckeye Rural Electric is the utility cooperative for areas in Lawrence and Gallia counties. These utilities are usually smaller and not under the same regulations as IOUs, which means you may not have benefits like net metering.
Ohio has a deregulated electricity market, which means that while you can't choose your utility company, you might be able to choose the company that supplies your electricity. This can sometimes help you save on your electric bills.
If you find a better plan, our partner WattBuy will contact your utility provider to switch you for free.
When you pay your electric bill, you’re not only covering the costs to produce that electricity, but also the costs of running and maintaining the electrical grid, as well as public benefit funds that promote things like renewable energy and energy efficiency.
Electric bill costs are rolled into fixed (monthly customer charges) and variable charges (¢/kWh that you use).
Fixed charges, like the flat fee for having a meter, generally remain the same monthly unless your utility makes a policy update.
Your variable charges will change every month and depend on your electricity rate and how much electricity you use.
Your electric bill's variable charges will include a supply (or generation) charge and a transmission and distribution (or delivery) charge. The supply charge covers the cost of electricity generation, while the transmission and distribution charges cover the cost of delivering it to your home.
Utility customers in Ohio have a choice of energy plans. Fixed-rate plans are popular: You pay the same amount regardless of the time of day, making it easier to estimate your bill. Others may choose a variable-rate plan, where your rate changes based on the time of day or level of energy demand, known as time-of-use rates or demand charges. Variable rates may be expensive during high-demand times, but they can save you money if you prioritize electricity use during off-peak hours.
How clean is the electricity in Ohio?
As of September 2025, only about 8% of the Ohio electricity grid is powered by renewable sources, according to U.S. Energy Information Administration data. About 59% comes from natural gas, 20% comes from coal, and 12% comes from nuclear. So, installing home solar is almost a guarantee to shrink your carbon footprint.
If going solar isn't an option for you, there are still ways to make your home more eco-friendly. Ask your energy company about renewable energy plans or upgrades. You can select an electric plan powered by renewable sources or choose one where the company purchases renewable energy credits on your behalf. It might not save you money unless the cost is lower than your current rate, but it’s a great way to support clean energy.
As long as you have a suitable roof, one of the surest ways to save on energy is to go solar—ideally with a vetted contractor offering a competitive price.
Solar panels will reduce or even eliminate your electric bills in the short term and protect you against rising electricity costs in the long run, too. The amount you save depends on how much you spend on electricity now and how much of your electric bill you can offset with solar energy.
Solar panels are a big investment, but Eastlake, OH homeowners who install them—and pay upfront—break even after an average of just 12.63 years. Then, the solar panels will continue to produce free electricity for years to come.
Does Ohio offer net metering?
Your solar panel system can generate more power than your home needs. You can sell this extra energy to your utility company and earn credits toward your electricity bills through net metering.
Utility companies in Ohio, like Duke Energy Ohio, AEP Ohio, and AES Ohio, offer net metering programs. When you need electricity from the grid, you can use your bill credits to offset or fully cover your bill.
In Ohio, your credits roll over, so you don’t have to worry about an expiration date.
How much can you save with solar?
With rising electricity costs in the Buckeye State, you can support a more sustainable future and often save on electric bills by going solar in Eastlake, OH.
Just take a look at how much you'll spend on electricity over time based on your current bill. It’s easy to see how going solar can pay off quickly.
Electricity cost over time in Ohio
Current monthly electric bill | 10-year electricity cost | 20-year electricity cost | 30-year electricity cost |
|---|---|---|---|
$50 | $6,800 | $15,000 | $27,000 |
$100 | $14,000 | $31,000 | $54,000 |
$150 | $20,000 | $46,000 | $80,000 |
$200 | $27,000 | $62,000 | $110,000 |
$250 | $34,000 | $77,000 | $130,000 |
Assuming a 3% annual increase based on inflation and average annual electric rate increases in Ohio.
Let's assume you pay $204 for electricity monthly (the Eastlake, OH average) and that electricity prices increase by 3% annually. Let's also assume you buy your solar panel system upfront and that it costs you $32,000 before any available incentives.
In the first year with solar, you'll avoid spending $2,500 on electric bills. Over five years, you'll avoid $12,900; by 10 years, you'll have avoided $27,600. Solar panels are usually covered under warranty for 25 years—by then, you'll have avoided spending $84,800 on electric bills in Eastlake, OH.
The average payback period in Eastlake, OH is 12.63 years, so by this point, you've already broken even on your investment. When you subtract your upfront installation cost, you'll pocket $52,700 over 25 years with solar.
Your solar savings depend on you
How much your utility company charges for electricity is a big indicator of how much you'll save with solar. But your exact solar savings depend on your unique situation—including your energy usage, roof layout, system size, and how you pay for your system.
Here are some reasons your savings could be below average:
You don’t use much electricity, or your roof is small or has a less-than-ideal layout. You might have a relatively long payback period, so you'll save a little less over time.
You don't install enough solar panels to 100% offset your energy use. You’ll pay less up front but save less in the long run.
You finance your solar panel system with a loan or sign a lease or power purchase agreement (PPA) instead of paying up front. These types of arrangements can make a lot of sense for keeping your capital flexible and will allow you to start saving sooner. But they will cut into your long-term savings.
Choosing a high-quality solar installer is the key to getting a top-notch solar panel system that will help you save on electric bills.
We pre-screen all solar companies on EnergySage to ensure they get the job done right. Here are the highest-rated EnergySage installers in Eastlake, OH:
Elite InstallerScreened & Verified5.0 /5.0107 Reviews
Elite InstallerScreened & Verified5.0 /5.043 Reviews
Advanced InstallerScreened & Verified4.8 /5.036 Reviews
Advanced InstallerScreened & Verified4.6 /5.0521 Reviews
Advanced InstallerScreened & Verified4.4 /5.090 Reviews
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