Air conditioners play a major role in Texas, especially during the hot summer months. This week, as temperatures soared, energy demand in Texas hit a record high, with a reliance on air conditioning accounting for a portion of that demand.
ERCOT projected earlier this week that demand would reach 75,104 megawatts of power – breaking the previous demand record of 74,820 megawatts set in 2019. During times of high energy demand, the wholesale cost of electricity normally goes up. This trend means you could end up paying even more to cool your home if your energy plan does not include a fixed rate.
So, how much does it cost to cool a home in Texas during the summer? Here’s what you should know.
Air conditioning costs for average electricity bills
Air conditioning accounts for about 12 percent of the average energy bill in the U.S., according to the Energy Information Administration (EIA). But how much that actually costs depends on a few factors, including the rate you pay for electricity and where you live. It comes as no surprise that residents who live in states like Texas will likely need to use more air conditioning to keep cool in the summer compared to someone who lives in a state such as Maine, where the summers are milder.
The EIA estimates yearly air conditioning costs range from $60 in cooler climates to as much as $525 in hot and humid areas. The national average rests around $265 every year.
To understand how much air conditioning costs in Texas, let’s look at the average Texas electricity bill. According to the most recent June figures from the EIA, Texans paid approximately $137.25 towards their monthly energy bill.
Here’s a breakdown of how much Texans pay for air conditioning using the average cost of energy bills.
Using these figures, the average Texas home spends $16.47 every month on air conditioning costs. This means residents in Texas spend nearly $200 a year on air conditioning.