Electric Furnace in Memphis — $1,179/yr to Run (13.1¢/kWh)
Your electric furnace in Memphis costs about $98/month at 13.1¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Memphis, TN Electricity Rate
13.1¢/kWh
Utility: Memphis Light, Gas & Water
+1% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$7.86
60.0 kWh/day
Monthly Cost
$98.25
750 kWh/mo
Annual Cost
$1,179
9,000 kWh/yr
Lifetime (20yr)
$23,580
energy only
Monthly Cost Breakdown in Memphis
| Period | kWh | Memphis Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 60.0 | $7.86 | $7.80 | +$0.06 |
| Weekly | 420.0 | $55.02 | $54.60 | +$0.42 |
| Monthly | 750.0 | $98.25 | $97.50 | +$0.75 |
| Quarterly | 2250.0 | $294.75 | $292.50 | +$2.25 |
| Annual | 9000.0 | $1179.00 | $1170.00 | +$9.00 |
Customize Your Electric Furnace Cost
Adjust usage hours and electricity rate to calculate your exact cost in Memphis.
Daily
$7.86
Monthly
$98.25
Annual
$1,179
20-Year
$23,580
Energy Saving Tips for Electric Furnace in Memphis
- ✓Memphis electricity rates are 1% above the national average — energy efficiency matters more here.
- ✓A smart Electric Furnace with scheduling optimization can save ~$177/year at Memphis rates.
- ✓Memphis's warm climate (avg 71°F) means higher cooling costs — consider ceiling fans to supplement.
- ✓Consider switching to a heat pump
- ✓Insulate your home well
- ✓Use a smart thermostat
Highest-Cost Appliances in Memphis, TN
See which appliances cost the most to run at Memphis's 13.1¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,698/yr
$141.48/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$861/yr
$71.72/mo
EV Charger (Level 2)
Garage · 7,200W
$849/yr
$70.74/mo
Boiler (Electric)
HVAC · 6,000W
$707/yr
$58.95/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$646/yr
$53.79/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$646/yr
$53.79/mo
Heat Pump
HVAC · 2,400W
$503/yr
$41.92/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$472/yr
$39.30/mo
Electric Furnace Cost in Other Tennessee Cities
| City | Rate | Annual Cost | vs Memphis |
|---|---|---|---|
| Memphis (current) | 13.1¢ | $1,179 | — |
| Nashville | 12.0¢ | $1,077 | $-102 |
| Knoxville | 12.0¢ | $1,080 | $-99 |
| Chattanooga | 12.3¢ | $1,109 | $-70 |
| Clarksville | 11.3¢ | $1,021 | $-158 |
| Murfreesboro | 12.7¢ | $1,143 | $-36 |
| Franklin | 12.5¢ | $1,124 | $-55 |
| Johnson City | 11.9¢ | $1,071 | $-108 |
| Jackson | 9.4¢ | $851 | $-328 |
Electric Furnace Energy Cost FAQ — Memphis, TN
Understanding Electric Furnace Energy Costs in Memphis, TN
In a major metro like Memphis, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.6 million residents. Running a high-draw appliance like the Electric Furnace (10,000W) at Memphis's rate of 13.1¢/kWh costs approximately $1,179 per year — $9 more than the national average of $1,170.
Memphis rates are 1% above the national average — a modest premium that adds $9 per year to Electric Furnace operating costs. Over the appliance's 20-year lifespan, that's $180 in cumulative extra spending versus the national average.
Memphis's cost of living index of 87 is below the national average, and electricity costs reflect that affordability. The Electric Furnace adds $98.25/month to a typical bill of $152. While no ENERGY STAR version is available, a smart Electric Furnace with automated scheduling can reduce consumption by 15%, saving $177/year.
In Memphis's warm climate (avg 71°F), HVAC-related appliances tend to run more frequently, compounding energy costs. A Electric Furnace produces approximately 6.43 tons of CO2 annually at typical usage. Memphis residents can reduce this footprint by optimizing usage patterns, or investing in solar — see our solar savings calculator for Memphis.
Compare All Energy Costs in Memphis
See energy costs for 168+ household appliances at Memphis's local electricity rate.