Spruce Finance
Electricity Rates, Plans & Statistics
High Power Bills?
Reduce or replace your electricity bill with solar
About Spruce Finance
Spruce Finance is a behind the meter electricity company, which means they work directly with consumers to create electricity generation opportunities outside of the traditional power grid. With 51,245 total consumers, the supplier supplies electricity to only residential customer accounts. Spruce Finance has an average residential electricity rate of 17.26 cents per kilowatt hour, which is 10.36% more than the US average rate of 15.64 cents. In 2022 the company sold 100.00% of their total megawatt hours disposed via normal retail sales to end users. The electricity produced in the company's power plants made up 282,793 of the megawatt hours sourced by the company. In 2022, the total revenue of Spruce Finance was $51,681,300, which was earned entirely through electricity sales to retail customers.
Consumers of the company pay an average monthly residential electric bill of $117.45. This is 11.49% lower than the United States average bill of $132.69. Electricity production is not part of the Spruce Finance business plan, as they purchase electricity at wholesale rates and then resell to their consumers.
Spruce Finance Rate & Electric Bills
Spruce Finance residential electric rates are highest in January and the highest average bill is in March.
Historical Electricity Rates:
Go Solar for less than your cell phone bill.
Spruce Finance Overview
- Company Type:Behind the Meter
- Headquarters:2900 North Loop West, 3rd Floor
Houston, Texas 77092
United States of America
Spruce Finance Contact
- Website:www.sprucepower.com
- Customer Service Phone:(866) 439‑3211
- Contact Page:www.sprucepower.com
- Social Media:
Spruce Finance Service
- States Served:
- California
- New York
- New Jersey
- Arizona
- Massachusetts and 6 others states
- Table Of Contents:
Go Solar for less than your cell phone bill.
Spruce Finance State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| Arizona | 3,648 | 4,324,949 | 38 | 5.99% |
| California | 25,576 | 41,245,671 | 40 | 57.1% |
| Colorado | 1,070 | 884,852 | 61 | 1.23% |
| Connecticut | 1,856 | 2,353,356 | 19 | 3.26% |
| Hawaii | 485 | 623,585 | 10 | 0.86% |
| Louisiana | 89 | 46,112 | 41 | 0.06% |
| Maryland | 583 | 621,950 | 21 | 0.86% |
| Massachusetts | 3,414 | 3,504,502 | 48 | 4.85% |
| Nevada | 152 | 236,762 | 25 | 0.33% |
| New Jersey | 6,276 | 8,064,214 | 20 | 11.16% |
Spruce Finance Reviews
Write a Review of Spruce Finance
Spruce Finance FAQ:
How many states does Spruce Finance sell electricity to?
There are 11 states that receive at least some electricity coverage by Spruce Finance including California, New York, New Jersey, Arizona, and Massachusetts.
What is the average BUNDLED electricity rate for Spruce Finance customers?
Spruce Finance's current average BUNDLED electricity rate is 17.26 cents per kilowatt hour (¢/kWh), compared to the average United States BUNDLED rate of 15.64 cents.
What is the phone number for Spruce Finance?
Spruce Finance's customer service phone number is (866) 439‑3211
What is the average bundled bill for Spruce Finance customers each month?
Spruce Finance currently has an average monthly bundled electric bill of $117.45, compared to the United States average of $132.69 for bundled service.
