20 Cities With the Highest Electricity Rates in the US

2. Memphis, TN-MS-AR 

Median Electricity Cost: $200 

The average residential electricity rate in Memphis, TN is 11 ¢/kWh, which is 38% lower than the national average rate of 18 ¢/kWh. The average electricity customer in Memphis uses 1,447 kWh of electricity per month and 17,364 kWh annually To offset 100% of their annual electricity consumption of 17,364 kWh, a Memphis household would need a 12.9 kilowatt (kW) solar panel system costing around $40,000 before incentives. Over 20 years, a Memphis household can expect to save $48,700 on electric bills by installing a solar panel system and offsetting their electricity usage.