The Minnesota State Energy Factsheet is a companion to the Sustainable Energy in America Factbook, compiled by research firm BloombergNEF for the Business Council for Sustainable Energy(BCSE). The Factbook outlines key trends influencing national and state investment and economics, energy supply, and energy demand. As the American energy sector continues its transformation to cleaner, cheaper sustainable energy, Minnesota remains a leader.
Highlights from the 2019 Minnesota State Energy Factsheet include:
- The cost of wind and solar in Minnesota declined 16 percent and 23 percent respectively over the past year. For example: cost of wind = $38/MWh unsubsidized compared to last year when Minnesota wind levelized cost of electricity (LCOE) came in at $45/MWh unsubsidized. With subsidies Minnesota wind is now $26/MWh.
- Renewable generation jumped 37% from 2013 to 2018 reaching an estimated 15TWh, or 25 percent of the state’s total electricity generation mix, making it the second largest source of electricity in Minnesota for the second year in a row.
- Minnesota now has 508MW of community solar online, the most of any state in the nation. Over 100 community solar gardens were added in the state in 2018.
- The total average monthly electricity bill for Minnesota households was $97.58 in 2017 (the last year for which data is available); this is 13% below the national average.
- Minnesota’s largest utility, Xcel Energy, which operates utilities in eight states, announced it would deliver 100% carbon-free power to all of its customers by 2050, and reduce carbon emissions 80 percent by 2030, from 2005 levels.
- The American Council for an Energy-Efficient Economy (ACEEE) ranked Minnesota 8th out of all 50 states, the highest ranking in the Midwest, for its overall energy efficiency programs (up from a rank of 9th last year).