WattBuy’s Guide toElectricity in
Electricity in
New Hope
Minnesota
Minnesota
Here's the average monthly bill, usage, and carbon footprint of residents in New Hope
January
$321highestFebruary
$71lowestMarch
$77April
$115May
$132June
$126July
$132August
$132September
$126October
$125November
$75December
$89Carbon Emissions
595 lbs CO₂
Monthly Usage
775 kWh
New Hope's energy comes from Nuclear, Natural Gas, Wind, Coal, Solar, and Hydroelectric. Nuclear is the largest source of electricity, providing 24% of New Hope's energy. Natural Gas is the second largest source, making up 24%. Wind provides 24% of the energy in New Hope. Coal provides 19% of the energy in New Hope. Solar provides 6% of the energy in New Hope. Hydroelectric provides 1% of the energy in New Hope.
24%
Nuclear
24%
Natural Gas
24%
Wind
19%
Coal
6%
Solar
1%
Hydroelectric
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
757 kWh
Energy generated by average sized system
$14,230
Average system cost
(after federal incentive)
12 years
Payback period
Net metering policies in New Hope can help solar panel owners save money and reduce their carbon footprint. When your solar panels generate more electricity than you use, you can send the excess back to the grid and receive credit on your next bill. Just something to keep in mind when considering solar panels.
Xcel Energy - Minnesota has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service Standard (Water Heating) | Fixed | 15¢ to 17¢ |
| Residential Time Of Use Pilot Program Service(Overhead, Underground) | TOU | 7¢ to 32¢ |
| Residential Service Standard (Overhead, Underground) | Fixed | 15¢ to 17¢ |
| Residential Service For Electric Space Heating (Overhead, Underground) | Fixed | 12¢ to 17¢ |
| Residential Time of Day Service (Overhead, Underground) | TOU | 9¢ to 30¢ |
| Residential Time of Day Service For Electric Space Heating (Overhead, Underground) | TOU | 9¢ to 30¢ |
| Residential Electric Vehicle Service | TOU | 9¢ to 30¢ |
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