Electricity rates › Minnesota

Minnesota electricity rates

Homes in Minnesota pay an average of 15.4¢ per kWh, 6% below the US average, and use 712 kWh a month. Minnesota ranks #20 of 51 for residential electricity prices.

15.4¢average price per kWh

712 kWhaverage use per month

$110average monthly bill

#20 of 51price rank (1 = most expensive)

Residential rates by utility in Minnesota

Utility	¢/kWh	ZIP codes served
Northern States Power Co - Minnesota	16.3	482
Otter Tail Power Co	11.1	154
ALLETE, Inc.	14.0	113
Lake Country Power	16.6	103
East Central Energy	15.8	50
Lake Region Electric Cooperative	12.2	49
Connexus Energy	13.6	47
Wright-Hennepin Coop Elec Assn	13.7	44
Stearns Cooperative Elec Assn	12.7	43
Runestone Electric Assn	13.3	41
Crow Wing Cooperative Power & Light Comp	13.0	39
BENCO Electric Cooperative	15.2	38

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in Minnesota?

At 15.4¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $155. A system that covers the average Minnesota home would replace about 8,544 kWh a year, roughly $1,320 of electricity at today’s prices.

6.4 kWsystem for an average home (16 panels)

$19,200rough installed cost

$1,320electricity saved per year

~15 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your Minnesota home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).