Independent resource. Not affiliated with any utility or energy provider. Data sourced from the U.S. Energy Information Administration.Verified June 2026
Iowa Electricity Cost 2026: 13.86¢/kWh
Iowa residential electricity rates average 13.86 cents per kWh in 2026, -26.4% vs the 18.83¢ US national average. The state operates a regulated retail market with wind as the primary generation source.
State Rate
13.86
cents/kWh
Monthly Bill
$120
at 863 kWh
vs National
-26.4%
national avg 18.83¢
Rank (cheapest first)
6/50
YoY change +3.9%
Market Type
Regulated
Supply rate set by state PUC
Primary Generation
Wind
per EIA State Energy Profile
Annual Bill (avg usage)
$1,435
vs national $1,950
Iowa electricity market
Regulated state with one of the highest wind-penetration rates in the US (over 60% of in-state generation), driven by MidAmerican Energy and Alliant Energy investment. Cooperatives and municipal utilities also play a significant role in rural areas.
Where Iowa residents save
No retail competition. Both major utilities offer optional TOU rates and EV charging discounts. The strong wind resource also produces some of the lowest wholesale prices in MISO, which flows through to retail rates.
Primary utilities
- MidAmerican Energy
- Alliant Energy (Iowa)
- Iowa Electric Cooperatives
Iowa bill estimates by usage
| Home Profile | Monthly kWh | Monthly Bill | Annual Bill |
|---|---|---|---|
| Apartment | 500 | $69 | $832 |
| Small house | 750 | $104 | $1,247 |
| Average household | 863 | $120 | $1,435 |
| Large house | 1200 | $166 | $1,996 |
| Large house + EV | 1500 | $208 | $2,495 |
Estimates use the Iowa state-average rate of 13.86¢/kWh from EIA data. Your actual bill includes delivery charges, customer-service fees, and state/local taxes already blended into this retail rate, plus any locality-specific surcharges not captured at the state-average level.