Residential electricity prices in Panama, IL in April 2026 averaged approximately 20.47 cents per kilowatthour (¢/kWh), which was about 9% more than the national average rate of 18.83 ¢/kWh (April 2026). [1]
→ Electricity rates listed as zero are not currently available.
See how electricity costs in Panama differ from the average electricity costs for the U.S. overall. [1]
On a year-over-year basis - from March 2025 to March 2026 - residential electricity prices in Panama increased approximately 7%, from 17.55 ¢/kWh to 18.86 ¢/kWh. [1]
→ Electricity rates listed as zero are not currently available.
Residential natural gas prices in Panama in April 2026 averaged 14.29 dollars per thousand cubic feet ($/Mcf), which was approximately 21% less than the national average rate of 18.17 $/Mcf (April 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 Panama 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 11%, from 10.91 $/Mcf (March 2025) to 12.10 $/Mcf (March 2026). [2]
→ Natural gas prices listed as zero are not currently available.
Sorry, Panama 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 village of Panama, IL in Montgomery County has an approximate population of 343. [4]
To learn more about utility rates & usage in Panama, IL, or for other information related to utilities in Panama, 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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