Electricity Rates in Bingham lake, MN
Residents of Bingham lake, MN benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 2 electricity providers, with Federated Rural Electric Assn being the largest.
Electricity Providers in Bingham lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Federated Rural Electric Assn | 12.0¢/kWh | 11.0¢/kWh | Cooperative |
| South Central Electric Assn | 15.0¢/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 Bingham lake
At 13.0¢/kWh, a typical Bingham lake 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 Bingham lake
Charging an electric vehicle at home in Bingham lake 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 Minnesota
Frequently Asked Questions
What is the average electricity rate in Bingham lake, MN?
The average residential electricity rate in Bingham lake, MN 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 Bingham lake?
Bingham lake is served by 2 electricity providers. Federated Rural Electric Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Bingham lake electricity rates compare to the rest of Minnesota?
Bingham lake's average rate of 13.0¢/kWh is 13.3% below the Minnesota state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.