Electricity Rates in Canby, MN
Residents of Canby, MN benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Minnesota Valley Coop L&P Assn being the largest.
Electricity Providers in Canby
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Minnesota Valley Coop L&P Assn | 12.0¢/kWh | 12.0¢/kWh | Cooperative |
| Otter Tail Power Co | 11.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Canby
At 12.0¢/kWh, a typical Canby household spends approximately $1275.84/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 Canby
Charging an electric vehicle at home in Canby costs approximately $108.00/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 Canby, MN?
The average residential electricity rate in Canby, MN is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Canby?
Canby is served by 2 electricity providers. Minnesota Valley Coop L&P Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Canby electricity rates compare to the rest of Minnesota?
Canby's average rate of 12.0¢/kWh is 20.0% below the Minnesota state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.