Electricity Rates in Hoyt lakes, MN
The average residential electricity rate in Hoyt lakes, MN is 17.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 13.3% above the Minnesota state average.
Electricity Providers in Hoyt lakes
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| ALLETE, Inc. | 16.0¢/kWh | 14.0¢/kWh | Investor Owned |
| Lake Country Power | 18.0¢/kWh | 15.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Hoyt lakes
At 17.0¢/kWh, a typical Hoyt lakes household spends approximately $1807.44/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 Hoyt lakes
Charging an electric vehicle at home in Hoyt lakes costs approximately $153.00/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 Hoyt lakes, MN?
The average residential electricity rate in Hoyt lakes, MN is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Hoyt lakes?
Hoyt lakes 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 Hoyt lakes electricity rates compare to the rest of Minnesota?
Hoyt lakes's average rate of 17.0¢/kWh is 13.3% above the Minnesota state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.