In this paper, an analytical model is developed for electrical conductivity of nanocomposites, particularly polymer/carbon nanotubes nanocomposites. This model considers the effects of aspect ratio, concentration, waviness, conductivity and percolation threshold of nanoparticles, interphase thickness, wettability between polymer and filler, tunneling distance between nanoparticles and network fraction on the conductivity. The developed model is confirmed by experimental results and parametric studies. The calculations show good agreement with the experimental data of different samples. The concentration and aspect ratio of nanoparticles directly control the conductivity. Moreover, a smaller distance between nanoparticles increases the conductivity based on the tunneling mechanism. A thick interphase also causes an increased conductivity, because the interphase regions participate in the networks and enhance the effectiveness of nanoparticles.