Electricity Rates in Monterey, TN
Residents of Monterey, TN benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 3 electricity providers, with Tennessee Valley Authority being the largest.
Electricity Providers in Monterey
| 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 |
| Volunteer Electric Coop | 12.0¢/kWh | 13.0¢/kWh | Cooperative |
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 Monterey
At 12.0¢/kWh, a typical Monterey 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 Monterey
Charging an electric vehicle at home in Monterey 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 Monterey, TN?
The average residential electricity rate in Monterey, 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 Monterey?
Monterey is served by 3 electricity providers. Tennessee Valley Authority is the largest provider in the area, though rates and availability vary by specific address.
How do Monterey electricity rates compare to the rest of Tennessee?
Monterey'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.