Electricity Rates in Spring valley, MN
The average residential electricity rate in Spring valley, MN is 17.0¢/kWh based on 2024 EIA data. MiEnergy Cooperative provides electricity to the area. This is 13.3% above the Minnesota state average.
Electricity Providers in Spring valley
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| MiEnergy Cooperative | 17.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Spring valley
At 17.0¢/kWh, a typical Spring valley household spends approximately $1807.44/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 Spring valley
Charging an electric vehicle at home in Spring valley costs approximately $153.00/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 Spring valley, MN?
The average residential electricity rate in Spring valley, MN is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Spring valley?
Spring valley is served by 1 electricity provider. MiEnergy Cooperative is the largest provider in the area.
How do Spring valley electricity rates compare to the rest of Minnesota?
Spring valley's average rate of 17.0¢/kWh is 13.3% above the Minnesota state average of 15.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.