Cost to Run a Heat Pump Water Heater in Minnesota
Minnesota's average residential electricity rate is 17¢/kWh as of May 2026 — the 30th cheapest in the country, 8% below the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $15.50 per month.
Per hour
$0.17
at 400–1,500 W
Per day
$0.51
3 hours/day
Per month
$15.50
91 kWh
Per year
$186
1,095 kWh
By usage level in Minnesota
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.26 | $7.75 | $93.08 |
| Typical (3 hrs/day) | $0.51 | $15.50 | $186 |
| Heavy (6 hrs/day) | $1.02 | $31.01 | $372 |
Minnesota vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a heat pump water heater in Minnesota?
At Minnesota's current average residential rate of 17¢/kWh (May 2026), a heat pump water heater with typical usage costs about $0.51 per day, $15.50 per month, or $186 per year.
Is running a heat pump water heater in Minnesota more expensive than average?
No — it's cheaper. Minnesota's rate is about 8% below the U.S. average: $15.50 per month here versus $16.78 nationally.
What does electricity cost in Minnesota right now?
Minnesota residents pay an average of 17¢ per kWh as of May 2026 — the 30th cheapest rate of the 51 U.S. jurisdictions we track.