Electricity Rates in Luverne, MN
Residents of Luverne, MN benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. Sioux Valley SW Elec Coop serves the area.
Electricity Providers in Luverne
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Sioux Valley SW Elec Coop | 13.0¢/kWh | 16.0¢/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 Luverne
At 13.0¢/kWh, a typical Luverne 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 Luverne
Charging an electric vehicle at home in Luverne 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 Luverne, MN?
The average residential electricity rate in Luverne, 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 Luverne?
Luverne is served by 1 electricity provider. Sioux Valley SW Elec Coop is the largest provider in the area.
How do Luverne electricity rates compare to the rest of Minnesota?
Luverne'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.