Electricity rates › Tennessee

Tennessee electricity rates

Homes in Tennessee pay an average of 12.4¢ per kWh, 25% below the US average, and use 1,154 kWh a month. Tennessee ranks #43 of 51 for residential electricity prices.

12.4¢average price per kWh

1,154 kWhaverage use per month

$143average monthly bill

#43 of 51price rank (1 = most expensive)

Residential rates by utility in Tennessee

Utility	¢/kWh	ZIP codes served
Entergy Arkansas LLC	12.0	91
City of Memphis	11.6	83
Nashville Electric Service	13.4	70
Volunteer Electric Coop	11.8	70
Duck River Elec Member Corp	12.2	61
Middle Tennessee E M C	11.4	59
City of Chattanooga	12.0	48
Southwest Tennessee E M C	12.6	48
City of Clinton	12.7	45
Knoxville Utilities Board	12.3	45
Cumberland Elec Member Corp	12.7	44
Upper Cumberland E M C	12.4	43

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in Tennessee?

At 12.4¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $124. A system that covers the average Tennessee home would replace about 13,848 kWh a year, roughly $1,720 of electricity at today’s prices.

10.4 kWsystem for an average home (26 panels)

$31,200rough installed cost

$1,720electricity saved per year

~18 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your Tennessee home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).