Electricity Rates in Collierville, TN
Residents of Collierville, TN benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 4 electricity providers, with Chickasaw Electric Coop, Inc being the largest.
Electricity Providers in Collierville
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Chickasaw Electric Coop, Inc | 11.0¢/kWh | 11.0¢/kWh | Cooperative |
| City of Memphis - (TN) | 12.0¢/kWh | 12.0¢/kWh | Municipal |
| Entergy Arkansas LLC | 12.0¢/kWh | 18.0¢/kWh | Investor Owned |
| Tennessee Valley Authority | N/A | 7.0¢/kWh | Federal |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Collierville
At 12.0¢/kWh, a typical Collierville household spends approximately $1275.84/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Collierville
Charging an electric vehicle at home in Collierville costs approximately $108.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Tennessee
Frequently Asked Questions
What is the average electricity rate in Collierville, TN?
The average residential electricity rate in Collierville, TN is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Collierville?
Collierville is served by 4 electricity providers. Chickasaw Electric Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Collierville electricity rates compare to the rest of Tennessee?
Collierville's average rate of 12.0¢/kWh is 7.7% below the Tennessee state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.