Electricity Rates in Owatonna, MN
The average residential electricity rate in Owatonna, 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 Owatonna
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Owatonna - (MN) | 15.0¢/kWh | 13.0¢/kWh | Municipal |
| 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 Owatonna
At 16.0¢/kWh, a typical Owatonna 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 Owatonna
Charging an electric vehicle at home in Owatonna 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 Owatonna, MN?
The average residential electricity rate in Owatonna, 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 Owatonna?
Owatonna is served by 3 electricity providers. City of Owatonna - (MN) is the largest provider in the area, though rates and availability vary by specific address.
How do Owatonna electricity rates compare to the rest of Minnesota?
Owatonna'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.