WattBuy’s Guide toElectricity in
Electricity in
Richmond
Minnesota
Minnesota
Here's the average monthly bill, usage, and carbon footprint of residents in Richmond
January
$548highestFebruary
$454March
$233April
$170May
$141June
$137lowestJuly
$150August
$141September
$137lowestOctober
$147November
$258December
$405Carbon Emissions
1,180 lbs CO₂
Monthly Usage
1,607 kWh
Richmond's energy comes from Wind, Nuclear, Coal, Natural Gas, Solar, and Hydroelectric. Wind is the largest source of electricity, providing 34% of Richmond's energy. Nuclear is the second largest source, making up 22%. Coal provides 18% of the energy in Richmond. Natural Gas provides 16% of the energy in Richmond. Solar provides 7% of the energy in Richmond. Hydroelectric provides 2% of the energy in Richmond.
34%
Wind
22%
Nuclear
18%
Coal
16%
Natural Gas
7%
Solar
2%
Hydroelectric
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
0 kWh
Energy generated by average sized system
$14,153
Average system cost
(after federal incentive)
12 years
Payback period
Net metering policies in Richmond 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 EV Accelerate At Home Voluntary Service | TOU | 10¢ to 33¢ |
| Residential Time of Day Service (Electric Space Heating) | TOU | 10¢ to 33¢ |
| Residential Service Standard (Water Heating) | Fixed | 17¢ to 19¢ |
| Residential Service (Standard) | Fixed | 17¢ to 19¢ |
| Residential Time Of Use Pilot Program Service | TOU | 9¢ to 35¢ |
| Residential Service (Electric Space Heating) | Fixed | 12¢ to 19¢ |
| Residential EV Accelerate At Home Pay As You Go Service | TOU | 9¢ to 35¢ |
| Residential Time of Day Service | TOU | 10¢ to 33¢ |
| Residential Electric Vehicle Service | TOU | 10¢ to 33¢ |
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