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
$133February
$82March
$120April
$106May
$108June
$162July
$235highestAugust
$151September
$137October
$114November
$81lowestDecember
$82Carbon Emissions
629 lbs CO₂
Monthly Usage
768 kWh
New Hope's energy comes from Natural Gas, Nuclear, Coal, Wind, Solar, and Hydroelectric. Natural Gas is the largest source of electricity, providing 34% of New Hope's energy. Nuclear is the second largest source, making up 23%. Coal provides 21% of the energy in New Hope. Wind provides 15% of the energy in New Hope. Solar provides 5% of the energy in New Hope. Hydroelectric provides 1% of the energy in New Hope.
34%
Natural Gas
23%
Nuclear
21%
Coal
15%
Wind
5%
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 | 16¢ to 18¢ |
| Residential Time Of Use Pilot Program Service(Overhead, Underground) | TOU | 8¢ to 33¢ |
| Residential Service For Electric Space Heating (Overhead, Underground) | Fixed | 13¢ to 18¢ |
| Residential Time of Day Service (Overhead, Underground) | TOU | 10¢ to 31¢ |
| Residential Electric Vehicle Service | TOU | 10¢ to 31¢ |
| Residential Service Standard (Overhead, Underground) | Fixed | 16¢ to 18¢ |
| Residential Time of Day Service For Electric Space Heating (Overhead, Underground) | TOU | 10¢ to 31¢ |
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