Average Electric Bill in Minnesota (2026)
Minnesota residents pay an average of $140/month for electricity at 15.82¢/kWh. Learn how solar can slash your bill by 70-100%.
Get Free Minnesota Solar Quote →Average Monthly Bill
$140
15.82¢/kWh
With Solar
$21
85% offset
Annual Savings
$1,428
per year with solar
Minnesota Electricity Cost Comparison
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Electric Bill | $140 | $21 |
| Annual Electric Cost | $1,680 | $252 |
| 5-Year Cost | $8,400 | $1,260 |
| 25-Year Cost | $42,000 | $6,300 + system cost |
| Rate Trend | 2.5% increase/year | Locked in — $0 increases |
| 25-Year Total | $50,400+ | Save $35,700 |
Electricity Rates in Minnesota Are Rising
Electricity rates across the United States have been increasing at an average of 2.5% per year, and Minnesota is no exception. At the current rate of 15.82¢/kWh, your average monthly bill of $140 could grow to $158/month within 5 years and $179/month within 10 years — that's an increase of $39/month without changing your usage habits at all.
Solar energy effectively locks in your electricity cost at today's prices. Once your system is installed and paid off, the electricity it produces is free for the remaining lifespan of the panels (25-30+ years). This hedge against rising rates is one of the most compelling financial arguments for going solar, especially in states like Minnesota where rates are at or above the national average.
Minnesota homeowners with solar typically reduce their electricity bills by 70-100%, saving approximately $1428 per year. Over the 25-year lifespan of a solar system, total savings in Minnesota typically range from $$28,560 to $$42,840 when factoring in rate increases.
How Solar Reduces Your Minnesota Electric Bill
When you install solar panels, they generate electricity during daylight hours that directly powers your home. Any excess electricity is typically sent back to the grid through net metering, earning you credits on your utility bill. Minnesota offers full retail net metering, meaning you receive full credit for every excess kWh — this maximizes your savings.
With 4.2 peak sun hours per day in Minnesota, a properly sized 8kW solar system produces approximately 12,264 kWh per year — enough to offset most or all of an average Minnesota household's electricity consumption.
The best way to determine exactly how much solar can save on your specific Minnesota electric bill is to get a personalized quote from a licensed installer. They'll analyze your actual usage data, roof conditions, and local utility policies to provide an accurate savings projection.
Frequently Asked Questions
What is the average electric bill in Minnesota?▼
The average electric bill in Minnesota is approximately $140 per month, based on an average electricity rate of 15.82¢/kWh and typical residential consumption of 886 kWh per month. Actual bills vary based on home size, usage habits, and utility provider.
How much can solar save on my Minnesota electric bill?▼
Solar can reduce your Minnesota electric bill by 70-100%, saving approximately $1428 per year. With 4.2 peak sun hours and 15.82¢/kWh rates, Minnesota homeowners typically see a 10-year payback on their solar investment.
Are electricity rates going up in Minnesota?▼
Yes. Electricity rates in Minnesota have been increasing at approximately 2.5% per year on average. At this rate, your current $140/month bill could reach $158/month in 5 years and $179/month in 10 years. Solar locks in your rate and protects against future increases.
Is Minnesota a good state for solar?▼
Minnesota receives 4.2 peak sun hours per day, which is good for solar. Combined with 15.82¢/kWh electricity rates and a 10-year payback period, solar is a strong investment in Minnesota.
Stop Overpaying for Electricity in Minnesota
Get free quotes from top-rated Minnesota solar installers and start saving today.