Electricity Rates in Lake park, MN
Residents of Lake park, MN benefit from relatively low electricity rates, averaging 14.0¢/kWh — 21.3% below the national average. The city is served by 2 electricity providers, with Lake Region Electric Cooperative - (MN) being the largest.
Electricity Providers in Lake park
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lake Region Electric Cooperative - (MN) | 13.0¢/kWh | 10.0¢/kWh | Cooperative |
| Wild Rice Electric Coop, Inc | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lake park
At 14.0¢/kWh, a typical Lake park household spends approximately $1488.48/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 Lake park
Charging an electric vehicle at home in Lake park costs approximately $126.00/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 Lake park, MN?
The average residential electricity rate in Lake park, MN is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Lake park?
Lake park is served by 2 electricity providers. Lake Region Electric Cooperative - (MN) is the largest provider in the area, though rates and availability vary by specific address.
How do Lake park electricity rates compare to the rest of Minnesota?
Lake park's average rate of 14.0¢/kWh is 6.7% below the Minnesota state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.