Electricity Rates in Mountain iron, MN
The average residential electricity rate in Mountain iron, MN is 18.0¢/kWh based on 2024 EIA data. Lake Country Power provides electricity to the area. This is 20.0% above the Minnesota state average.
Electricity Providers in Mountain iron
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lake Country Power | 18.0¢/kWh | 15.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 18.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Mountain iron
At 18.0¢/kWh, a typical Mountain iron household spends approximately $1913.76/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 Mountain iron
Charging an electric vehicle at home in Mountain iron costs approximately $162.00/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 Mountain iron, MN?
The average residential electricity rate in Mountain iron, MN is 18.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $159.48 for a typical household.
Who provides electricity in Mountain iron?
Mountain iron is served by 1 electricity provider. Lake Country Power is the largest provider in the area.
How do Mountain iron electricity rates compare to the rest of Minnesota?
Mountain iron's average rate of 18.0¢/kWh is 20.0% above the Minnesota state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.