Electricity Rates in Knoxville, TN
Average electricity cost, utility comparison, and solar savings potential for Knoxville homeowners.
Electricity in Knoxville, TN averages $0.11/kWh and about $108/month — here is how that compares and how solar lowers it.
- The average residential electricity rate in Knoxville is $0.11/kWh, 31% below the U.S. average of $0.16/kWh.
- A typical Knoxville home pays about $108 per month for electricity.
- Tennessee has a regulated market — the local utility sets the rate.
- Solar panels cut a typical Knoxville bill by about 74% (around $80/month) and lock in costs for 25+ years.
What is the average electricity rate in Knoxville, TN?
The average residential electricity rate in Knoxville, TN is $0.11 per kWh, which is 31% below the national average of $0.16/kWh. Homeowners in Knoxville pay an average of $108 per month for electricity, based on typical usage of 983 kWh per month.
Electricity rates in Knoxville are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Which electric utilities serve Knoxville, TN?
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Tennessee Valley Authority (TVA) | $0.11 | $108 |
| Nashville Electric Service | $0.11 | $108 |
| Memphis Light, Gas & Water | $0.10 | $98 |
Can solar lower your Knoxville electricity bill?
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 - Knoxville, TN
The average residential electricity rate in Knoxville is $0.11 per kilowatt-hour (kWh), which is 31% below the national average of $0.16/kWh. The average monthly electric bill for Knoxville homeowners is approximately $108.
With solar panels, Knoxville 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 Knoxville 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 Knoxville 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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