Electricity prices in Fairbanks, AK
Households in Fairbanks pay 29.4¢/kWh (Alaska average), about $173 a month for 588 kWh a month, the Alaska household average.
Monthly electricity bill by consumption
| Consumption | Per month | Per year |
|---|---|---|
| 500 kWh a month | $147 | $1,765 |
| 1,000 kWh a month | $294 | $3,529 |
| 1,500 kWh a month | $441 | $5,294 |
| 2,000 kWh a month | $588 | $7,058 |
At 29.4¢/kWh, the average household price including taxes and fixed charges (August 2026). Small households usually pay a little more per kWh, large ones a little less.
Business electricity in Fairbanks
Commercial customers pay 23.9¢/kWh and industrial customers 23.1¢/kWh (Alaska average).
Home running costs in Fairbanks
In Fairbanks, running an 860 sq ft home costs on average $158 a month excluding rent – 89% more expensive than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Fairbanks compared with the average for the United States
Your biggest saving opportunity
At today's prices a heat pump would cost about $808 a year more than a gas boiler in Fairbanks; check the incentives available before deciding.
Gas boiler vs heat pump calculator · Monthly home running cost calculator
Heating need through the year
Heating with a gas boiler: about 20,143 kWh a year at 5.8¢/kWh.
Solar potential in Fairbanks
1 kWp of solar panels produces about 1,072 kWh a year here. ($315 per year)
Not yet available for Fairbanks: Water.
How we calculate this
Electricity: average residential price per kWh in the state (August 2026). Heating: heating degree days for the location × floor area × building factor, priced with the gas boiler cost (state residential natural gas price). Water and rent are added when official data is available. Methodology
Nearby cities
More cities in Alaska
Updated: