Electricity Rates in Elmwood, TN
Residents of Elmwood, TN benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 2 electricity providers, with Tennessee Valley Authority being the largest.
Electricity Providers in Elmwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Tennessee Valley Authority | N/A | 7.0¢/kWh | Federal |
| Upper Cumberland E M C | 13.0¢/kWh | 14.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Elmwood
At 13.0¢/kWh, a typical Elmwood household spends approximately $1382.16/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 Elmwood
Charging an electric vehicle at home in Elmwood costs approximately $117.00/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 Elmwood, TN?
The average residential electricity rate in Elmwood, TN is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Elmwood?
Elmwood is served by 2 electricity providers. Tennessee Valley Authority is the largest provider in the area, though rates and availability vary by specific address.
How do Elmwood electricity rates compare to the rest of Tennessee?
Elmwood's average rate of 13.0¢/kWh is close to the Tennessee state average of 13.0¢/kWh. Rates are typical for the region.