Electricity Rates in Sherwood, TN
Residents of Sherwood, TN benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 3 electricity providers, with Duck River Elec Member Corp being the largest.
Electricity Providers in Sherwood
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Duck River Elec Member Corp | 12.0¢/kWh | 13.0¢/kWh | Cooperative |
| Sequachee Valley Electric Coop | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
| Tennessee Valley Authority | N/A | 7.0¢/kWh | Federal |
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 Sherwood
At 13.0¢/kWh, a typical Sherwood 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 Sherwood
Charging an electric vehicle at home in Sherwood 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 Sherwood, TN?
The average residential electricity rate in Sherwood, 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 Sherwood?
Sherwood is served by 3 electricity providers. Duck River Elec Member Corp is the largest provider in the area, though rates and availability vary by specific address.
How do Sherwood electricity rates compare to the rest of Tennessee?
Sherwood's average rate of 13.0¢/kWh is close to the Tennessee state average of 13.0¢/kWh. Rates are typical for the region.