Minnesota Electricity Rates 2026 — Cost per kWh & Savings
The average electricity rate in Minnesota (MN) is $0.1456/kWh, ranking #24 among US states. The average monthly bill is $110 for 755 kWh of usage.
Calculate Your Minnesota Electric Bill
Electricity Savings Tips for Minnesota
Minnesota offers Made in Minnesota solar incentives and strong community solar programs. Despite cold winters, solar panels actually perform better in cold temperatures. Xcel Energy offers a Solar Rewards program with production incentives.
Primary Utility: Xcel Energy, Minnesota Power
Minnesota has a regulated electricity market served primarily by Xcel Energy, Minnesota Power. Rates are set by the state public utility commission and cannot be changed by shopping for providers. Focus on reducing usage and investing in efficiency improvements to lower your bill.
Solar Energy in Minnesota
Minnesota receives an average of 4 peak sun hours per day. While not the sunniest state, solar panels still produce meaningful energy here. At $0.15/kWh, a solar system that produces 7008 kWh/year saves approximately $1020/year. With the 30% federal tax credit, typical payback is 8-12 years.