Electricity Rates in Minnesota lake, MN
The average residential electricity rate in Minnesota lake, MN is 16.0¢/kWh based on 2024 EIA data. The city is served by 3 utility providers. This is 6.7% above the Minnesota state average.
Electricity Providers in Minnesota lake
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| BENCO Electric Cooperative | 15.0¢/kWh | 13.0¢/kWh | Cooperative |
| Northern States Power Co - Minnesota | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Steele-Waseca Cooperative Electric | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Minnesota lake
At 16.0¢/kWh, a typical Minnesota lake household spends approximately $1701.12/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 Minnesota lake
Charging an electric vehicle at home in Minnesota lake costs approximately $144.00/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 Minnesota lake, MN?
The average residential electricity rate in Minnesota lake, MN is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Minnesota lake?
Minnesota lake is served by 3 electricity providers. BENCO Electric Cooperative is the largest provider in the area, though rates and availability vary by specific address.
How do Minnesota lake electricity rates compare to the rest of Minnesota?
Minnesota lake's average rate of 16.0¢/kWh is 6.7% above the Minnesota state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.