Electricity Rates in Bloomington, MN
Average electricity cost, utility comparison, and solar savings potential for Bloomington homeowners.
Bloomington Electricity Cost Overview
The average residential electricity rate in Bloomington, MN is $0.14 per kWh, which is 12% below the national average of $0.16/kWh. Homeowners in Bloomington pay an average of $115 per month for electricity, based on typical usage of 824 kWh per month.
Electricity rates in Bloomington are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Electric Utilities Serving Bloomington
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| Xcel Energy (Northern States) | $0.14 | $115 |
| Minnesota Power | $0.12 | $99 |
| Great River Energy | $0.13 | $107 |
How Solar Compares to Bloomington Electricity Rates
Without Solar
- Monthly bill: $115
- Annual cost: $1,380
- 25-year cost: $34,500
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $83
- Annual savings: $996
- 25-year savings: $30,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Bloomington, MN
The average residential electricity rate in Bloomington is $0.14 per kilowatt-hour (kWh), which is 12% below the national average of $0.16/kWh. The average monthly electric bill for Bloomington homeowners is approximately $115.
With solar panels, Bloomington homeowners can reduce their electricity costs by approximately 72%, saving around $83 per month or $30,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Bloomington area include Xcel Energy (Northern States), Minnesota Power, Great River Energy. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Bloomington and across Minnesota have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.
Get your free solar quote
Real prices from vetted local installers — in 2 minutes.
No obligation • Compare top installers
Electricity Rates in Other Minnesota Cities
Ready to go solar?
Compare instant quotes from top local installers
Start saving with solar today.
Join thousands of homeowners who've switched to clean energy and locked in decades of lower bills.