Electricity Rates in Sharon, TN
Residents of Sharon, 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 Gibson Electric Members Corp being the largest.
Electricity Providers in Sharon
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Gibson Electric Members Corp | 13.0¢/kWh | 13.0¢/kWh | Cooperative |
| Tennessee Valley Authority | N/A | 7.0¢/kWh | Federal |
| Weakley County Mun Elec Sys | 11.0¢/kWh | 12.0¢/kWh | Municipal |
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 Sharon
At 12.0¢/kWh, a typical Sharon 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 Sharon
Charging an electric vehicle at home in Sharon 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 Sharon, TN?
The average residential electricity rate in Sharon, 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 Sharon?
Sharon is served by 3 electricity providers. Gibson Electric Members Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Sharon electricity rates compare to the rest of Tennessee?
Sharon'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.