Iowa Electricity Rates 2026 — Cost per kWh & Savings
The average electricity rate in Iowa (IA) is $0.1351/kWh, ranking #17 among US states. The average monthly bill is $118 for 874 kWh of usage.
Calculate Your Iowa Electric Bill
Electricity Savings Tips for Iowa
Iowa generates over 60% of its electricity from wind, one of the highest percentages in the US. Rates remain moderate. Solar installations qualify for a state tax credit of 15% on top of the 30% federal credit.
Primary Utility: MidAmerican, Alliant
Iowa has a regulated electricity market served primarily by MidAmerican, Alliant. Rates are set by the state public utility commission and cannot be changed by shopping for providers. Focus on reducing usage and investing in efficiency improvements to lower your bill.
Solar Energy in Iowa
Iowa receives an average of 4.2 peak sun hours per day. While not the sunniest state, solar panels still produce meaningful energy here. At $0.14/kWh, a solar system that produces 7358 kWh/year saves approximately $994/year. With the 30% federal tax credit, typical payback is 8-12 years.