Electricity Rates in Holdingford, MN
Residents of Holdingford, MN benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with ALLETE, Inc. being the largest.
Electricity Providers in Holdingford
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| ALLETE, Inc. | 16.0¢/kWh | 14.0¢/kWh | Investor Owned |
| Stearns Cooperative Elec Assn | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Holdingford
At 15.0¢/kWh, a typical Holdingford household spends approximately $1594.80/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 Holdingford
Charging an electric vehicle at home in Holdingford costs approximately $135.00/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 Holdingford, MN?
The average residential electricity rate in Holdingford, MN is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Holdingford?
Holdingford is served by 2 electricity providers. ALLETE, Inc. is the largest provider in the area, though rates and availability vary by specific address.
How do Holdingford electricity rates compare to the rest of Minnesota?
Holdingford's average rate of 15.0¢/kWh is close to the Minnesota state average of 15.0¢/kWh. Rates are typical for the region.