Energy Information Administration (EIA), the average home consumes 11,000 kilowatt-hours (kWh) of electricity per year 1(*), and the average price of electricity in the 12 months ending in June 2022 was 14.41 cents per kWh. Here’s what goes into the $284 ($388 in Canada) figure: Average cost of electricityĪccording to the U.S. Your smart thermostat can help you save up to 26% or $284 ($388 in Canada) on your annual heating and cooling costs.
