Electricity Rates in Nashville, TN
Average electricity cost, utility comparison, and solar savings potential for Nashville homeowners.
Nashville Electricity Cost Overview
The average residential electricity rate in Nashville, TN is $0.11 per kWh, which is 31% below the national average of $0.16/kWh. Homeowners in Nashville pay an average of $108 per month for electricity, based on typical usage of 983 kWh per month.
Electricity rates in Nashville are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Nashville
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Tennessee Valley Authority (TVA) | $0.11 | $108 |
| Nashville Electric Service | $0.11 | $108 |
| Memphis Light, Gas & Water | $0.10 | $98 |
How Solar Compares to Nashville Electricity Rates
Without Solar
- Monthly bill: $108
- Annual cost: $1,296
- 25-year cost: $32,400
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $80
- Annual savings: $960
- 25-year savings: $26,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Nashville, TN
The average residential electricity rate in Nashville is $0.11 per kilowatt-hour (kWh), which is 31% below the national average of $0.16/kWh. The average monthly electric bill for Nashville homeowners is approximately $108.
With solar panels, Nashville homeowners can reduce their electricity costs by approximately 74%, saving around $80 per month or $26,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Nashville area include Tennessee Valley Authority (TVA), Nashville Electric Service, Memphis Light, Gas & Water. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Nashville and across Tennessee have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.
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