Cost to Run a Heat Pump Water Heater in Minnesota
Minnesota's average residential electricity rate is 16.4¢/kWh as of April 2026 — the 25th cheapest in the country, 13% below the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $14.96 per month.
Per hour
$0.16
at 400–1,500 W
Per day
$0.49
3 hours/day
Per month
$14.96
91 kWh
Per year
$180
1,095 kWh
By usage level in Minnesota
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.25 | $7.48 | $89.79 |
| Typical (3 hrs/day) | $0.49 | $14.96 | $180 |
| Heavy (6 hrs/day) | $0.98 | $29.91 | $359 |
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 16.4¢/kWh (April 2026), a heat pump water heater with typical usage costs about $0.49 per day, $14.96 per month, or $180 per year.
Is running a heat pump water heater in Minnesota more expensive than average?
No — it's cheaper. Minnesota's rate is about 13% below the U.S. average: $14.96 per month here versus $17.15 nationally.
What does electricity cost in Minnesota right now?
Minnesota residents pay an average of 16.4¢ per kWh as of April 2026 — the 25th cheapest rate of the 51 U.S. jurisdictions we track.