Electricity rates › Iowa

Iowa electricity rates

Homes in Iowa pay an average of 13.4¢ per kWh, 19% below the US average, and use 832 kWh a month. Iowa ranks #36 of 51 for residential electricity prices.

13.4¢average price per kWh

832 kWhaverage use per month

$111average monthly bill

#36 of 51price rank (1 = most expensive)

Residential rates by utility in Iowa

Utility	¢/kWh	ZIP codes served
Interstate Power and Light Co	17.9	641
MidAmerican Energy Co	11.0	507
Eastern Iowa Light & Power Coop	13.7	81
Iowa Lakes Electric Coop	12.7	76
Midland Power Coop	13.1	65
Maquoketa Valley Rrl Elec Coop	13.2	60
North West Rural Electric Coop	8.9	58
East-Central Iowa Rural Elec Coop	13.0	49
Prairie Energy Coop	13.1	43
Linn County REC	14.2	41
Consumers Energy Coop	15.0	38
Access Energy Coop	14.0	37

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in Iowa?

At 13.4¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $134. A system that covers the average Iowa home would replace about 9,984 kWh a year, roughly $1,338 of electricity at today’s prices.

7.6 kWsystem for an average home (19 panels)

$22,800rough installed cost

$1,338electricity saved per year

~17 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your Iowa home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).