Water Heater (Tank Electric) in Minneapolis — $673/yr to Run (13.7¢/kWh)
Your water heater (tank electric) in Minneapolis costs about $56/month at 13.7¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Minneapolis, MN Electricity Rate
13.7¢/kWh
Utility: Xcel Energy
+5% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.84
13.5 kWh/day
Monthly Cost
$56.09
411 kWh/mo
Annual Cost
$673
4,928 kWh/yr
Lifetime (12yr)
$8,077
energy only
Monthly Cost Breakdown in Minneapolis
| Period | kWh | Minneapolis Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.84 | $1.76 | +$0.09 |
| Weekly | 94.5 | $12.91 | $12.29 | +$0.62 |
| Monthly | 410.6 | $56.09 | $53.38 | +$2.71 |
| Quarterly | 1231.9 | $168.27 | $160.14 | +$8.13 |
| Annual | 4927.5 | $673.10 | $640.58 | +$32.52 |
Customize Your Water Heater (Tank Electric) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Minneapolis.
Daily
$1.84
Monthly
$56.09
Annual
$673
12-Year
$8,077
Energy Saving Tips for Water Heater (Tank Electric) in Minneapolis
- ✓Minneapolis electricity rates are 5% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Water Heater (Tank Electric) in Minneapolis saves ~$NaN/year compared to standard models.
- ✓A smart Water Heater (Tank Electric) with scheduling optimization can save ~$34/year at Minneapolis rates.
- ✓Lower temperature to 120F
- ✓Insulate tank with blanket
- ✓Drain sediment twice yearly
ENERGY STAR Savings: Upgrading to an ENERGY STAR Water Heater (Tank Electric) in Minneapolis saves approximately $NaN/year at local rates — $NaN over the appliance lifetime.
Highest-Cost Appliances in Minneapolis, MN
See which appliances cost the most to run at Minneapolis's 13.7¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,770/yr
$147.53/mo
Electric Furnace
HVAC · 10,000W
$1,229/yr
$102.45/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$897/yr
$74.79/mo
EV Charger (Level 2)
Garage · 7,200W
$885/yr
$73.76/mo
Boiler (Electric)
HVAC · 6,000W
$738/yr
$61.47/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$673/yr
$56.09/mo
Heat Pump
HVAC · 2,400W
$525/yr
$43.71/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$492/yr
$40.98/mo
Water Heater (Tank Electric) Cost in Other Minnesota Cities
| City | Rate | Annual Cost | vs Minneapolis |
|---|---|---|---|
| Minneapolis (current) | 13.7¢ | $673 | — |
| Saint Paul | 13.2¢ | $649 | $-24 |
| Rochester | 13.9¢ | $683 | +$10 |
| Duluth | 15.1¢ | $743 | +$69 |
| Bloomington | 14.5¢ | $714 | +$41 |
| Brooklyn Park | 12.5¢ | $614 | $-59 |
| Plymouth | 13.8¢ | $680 | +$6 |
| Maple Grove | 12.3¢ | $605 | $-68 |
| Woodbury | 11.4¢ | $560 | $-113 |
Water Heater (Tank Electric) Energy Cost FAQ — Minneapolis, MN
Understanding Water Heater (Tank Electric) Energy Costs in Minneapolis, MN
Minneapolis is a mid-sized Minnesota city where residential electricity rates from Xcel Energy are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Water Heater (Tank Electric) (4,500W) at Minneapolis's rate of 13.7¢/kWh costs approximately $673 per year — $33 more than the national average of $641.
Minneapolis rates are 5% above the national average — a modest premium that adds $33 per year to Water Heater (Tank Electric) operating costs. Over the appliance's 12-year lifespan, that's $390 in cumulative extra spending versus the national average.
Minneapolis's cost of living index of 89 is below the national average, and electricity costs reflect that affordability. The Water Heater (Tank Electric) adds $56.09/month to a typical bill of $149. Upgrading to an ENERGY STAR Water Heater (Tank Electric) can cut energy use by up to undefined%, saving approximately $NaN per year at Minneapolis rates.
Minneapolis's moderate climate (avg 49.6°F) helps keep seasonal energy cost swings manageable for most appliances. A Water Heater (Tank Electric) produces approximately 3.5 tons of CO2 annually at typical usage. Minneapolis residents can reduce this footprint by choosing an ENERGY STAR certified unit, optimizing usage patterns, or investing in solar — see our solar savings calculator for Minneapolis.
Compare All Energy Costs in Minneapolis
See energy costs for 178+ household appliances at Minneapolis's local electricity rate.
Frequently Asked Questions
How much does it cost to run a Water Heater (Tank Electric) in Minneapolis, MN?
At Minneapolis's average electricity rate of 13.7¢/kWh, a Water Heater (Tank Electric) costs approximately $673 per year to run. That's about $56.09 per month with typical usage of 3 hours per day.
What is the electricity rate in Minneapolis, MN?
The average residential electricity rate in Minneapolis, MN is 13.7¢/kWh, which is 5% above the national average of 13.0¢/kWh. The primary utility provider is Xcel Energy.
How much electricity does a Water Heater (Tank Electric) use per year?
A Water Heater (Tank Electric) uses approximately 4,500 watts and consumes about 4,928 kWh per year with typical usage of 3 hours/day for 365 days/year.
Is a Water Heater (Tank Electric) expensive to run in Minneapolis?
Compared to the national average cost of $641/year, running a Water Heater (Tank Electric) in Minneapolis costs $33 more per year due to higher local electricity rates.
How can I reduce my Water Heater (Tank Electric) energy cost in Minneapolis?
To reduce Water Heater (Tank Electric) costs in Minneapolis: Lower temperature to 120F. Insulate tank with blanket. Upgrading to an ENERGY STAR model saves up to undefined% on energy costs. Also check with Xcel Energy for local energy efficiency rebates and programs.