Residential electricity prices in 62077 in May 2026 averaged approximately 23.85 cents per kilowatthour (¢/kWh), which was about 29% more than the national average rate of 18.44 ¢/kWh (May 2026). [1]
→ Electricity rates listed as zero are not currently available.
See how electricity costs in 62077 differ from the average electricity costs for the U.S. overall. [1]
On a year-over-year basis - from April 2025 to April 2026 - residential electricity prices in 62077 increased approximately 12%, from 18.28 ¢/kWh to 20.47 ¢/kWh. [1]
→ Electricity rates listed as zero are not currently available.
Residential natural gas prices in 62077 in May 2026 averaged 15.39 dollars per thousand cubic feet ($/Mcf), which was approximately 22% less than the national average rate of 19.83 $/Mcf (May 2026). [2]
→ Natural gas prices listed as zero are not currently available.
See the chart below to see a comparison of Panama natural gas prices against U.S. average prices. Compare 62077 (Panama, IL) natural gas costs to overall U.S. average costs. [2]
On a year-over-year basis, residential natural gas prices in Panama (Illinois) increased approximately 5%, from 13.55 $/Mcf (April 2025) to 14.29 $/Mcf (April 2026). [2]
→ Natural gas prices listed as zero are not currently available.
Sorry, 62077 solar data is not currently available. Please check back later.
See the chart below for a comparison of Panama solar radiation levels against other areas in the U.S. Compare Panama levels against both 1) low average solar radition levels (WA) and also 2) high average solar radiation levels (NV). [3]
→ k/m/d: kilowatt hours per square meter per day.
→ Solar radiation values listed as zero are not currently available.
Households in the United States have benefited from falling energy prices in recent years, which has driven down the cost of living.
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Penn State researchers recently examined microgrids and discovered that they may not always be a wise economic move for communities.
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Through the analysis of publicly available data filed by electricity suppliers, the CT OCC discovered that electricity customers overpaid by $58 million in 2015.
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The ZIP code 62077 is associated with the city of Panama, IL in Montgomery County. [4]
To learn more about utility rates & usage in 62077, or for other information related to utilities in Illinois, visit the U.S. Energy Information Administration.
A physical process known as the photovoltaic effect is how solar cells convert sunlight into electricity.
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