Electricity Rates in Nashua, MN
Residents of Nashua, MN benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 2 electricity providers, with Lake Region Electric Cooperative - (MN) being the largest.
Electricity Providers in Nashua
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lake Region Electric Cooperative - (MN) | 13.0¢/kWh | 10.0¢/kWh | Cooperative |
| Otter Tail Power Co | 11.0¢/kWh | 9.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Nashua
At 12.0¢/kWh, a typical Nashua household spends approximately $1275.84/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 Nashua
Charging an electric vehicle at home in Nashua costs approximately $108.00/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 Nashua, MN?
The average residential electricity rate in Nashua, MN is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Nashua?
Nashua 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 Nashua electricity rates compare to the rest of Minnesota?
Nashua's average rate of 12.0¢/kWh is 20.0% below the Minnesota state average of 15.0¢/kWh. Residents enjoy some of the lower rates in the state.