Electricity Costs in Minneapolis, Minnesota (2026)
Minneapolis households pay Minnesota’s statewide average residential rate of 17.52¢/kWh (June 2026), served primarily by Xcel Energy. Below: exact operating costs for the appliances and vehicles most likely to be on your bill, plus solar payback specific to Minneapolis’s latitude. Based on the EIA U.S. average household consumption of 893 kWh/month. Actual Minneapolis usage varies with climate — Sun Belt cities like Phoenix or Houston average 1,200-1,500 kWh/month; mild-climate cities like San Francisco or Seattle average 400-600 kWh/month. Each of the biggest household electric loads, at Minneapolis’s rate: Home Level 2 charging costs for popular EVs, at Minneapolis’s residential rate: A typical 6 kW rooftop solar system in Minneapolis costs about $18,600 gross ($3.10/W Minnesota state avg), $13,020 after the 30% federal tax credit. Estimated annual savings: $1,257. Payback: 10.4 years. Full Minnesota solar payback analysis → · Are solar panels worth it in Minnesota? → Typical gross install costs for major home energy upgrades, at Minnesota averages (Minneapolis may run ±15%): Primary utility: Xcel Energy. Rate data on this page uses the EIA Minnesota residential state average. Your actual utility bill may include time-of-use pricing, tiered rates, or monthly service fees on top of the per-kWh energy charge.Top appliance costs in Minneapolis
Appliance Annual cost See full calculator Electric Water Heater $863 Details → Tankless Electric Water Heater $806 Details → Level 2 EV Charger $751 Details → Central Air Conditioner $589 Details → Hot Tub $576 Details → Pool Pump $378 Details → Heat Pump (whole-home) $368 Details → Portable Air Conditioner $219 Details → EV charging cost in Minneapolis
EV Annual home charging cost Full breakdown Tesla Model 3 Long Range $584 Details → Tesla Model Y Long Range $631 Details → Tesla Model S $667 Details → Tesla Model X $779 Details → Solar in Minneapolis
Installation costs in Minneapolis
About Minneapolis electricity