Cost to Run a Heat Pump Water Heater in Minnesota
Minnesota's average residential electricity rate is 17.5¢/kWh as of July 2026 — the 31st cheapest in the country, 4% below the U.S. average. At typical usage (3 hours/day), a heat pump water heater here costs $15.96 per month.
Per hour
$0.17
at 400–1,500 W
Per day
$0.52
3 hours/day
Per month
$15.96
91 kWh
Per year
$192
1,095 kWh
By usage level in Minnesota
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (1.5 hrs/day) | $0.26 | $7.98 | $95.81 |
| Typical (3 hrs/day) | $0.52 | $15.96 | $192 |
| Heavy (6 hrs/day) | $1.05 | $31.92 | $383 |
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 17.5¢/kWh (July 2026), a heat pump water heater with typical usage costs about $0.52 per day, $15.96 per month, or $192 per year.
Is running a heat pump water heater in Minnesota more expensive than average?
No — it's cheaper. Minnesota's rate is about 4% below the U.S. average: $15.96 per month here versus $16.69 nationally.
What does electricity cost in Minnesota right now?
Minnesota residents pay an average of 17.5¢ per kWh as of July 2026 — the 31st cheapest rate of the 51 U.S. jurisdictions we track.