Electricity Rates in Spencer, TN
Residents of Spencer, TN benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 4 electricity providers, with Caney Fork Electric Coop, Inc being the largest.
Electricity Providers in Spencer
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Caney Fork Electric Coop, Inc | 13.0¢/kWh | 16.0¢/kWh | Cooperative |
| Sequachee Valley Electric Coop | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
| Tennessee Valley Authority | N/A | 7.0¢/kWh | Federal |
| Volunteer Electric Coop | 12.0¢/kWh | 13.0¢/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 Spencer
At 13.0¢/kWh, a typical Spencer 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 Spencer
Charging an electric vehicle at home in Spencer 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 Spencer, TN?
The average residential electricity rate in Spencer, 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 Spencer?
Spencer is served by 4 electricity providers. Caney Fork Electric Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Spencer electricity rates compare to the rest of Tennessee?
Spencer's average rate of 13.0¢/kWh is close to the Tennessee state average of 13.0¢/kWh. Rates are typical for the region.