Electricity rates · July 2026
Electricity rates in Iowa
Homes in Iowa paid an average of 15.99¢ per kWh in July 2026 — below the U.S. average of 18.31¢ and up 4.4% from a year earlier. It ranks #28 of 51 (50 states and D.C.), from most to least expensive.
- Residential price per kWh
- 15.99¢
- U.S. 18.31¢
- Commercial price per kWh
- 13.27¢
- U.S. 14.53¢
- Industrial price per kWh
- 9.99¢
- U.S. 9.77¢
- All sectors price per kWh
- 12.63¢
- U.S. 14.99¢
What electricity costs per month in Iowa
Cost at the state average residential price, which includes taxes and fees. Your utility's rates may differ. Try your own kWh.
| Monthly use | Iowa | U.S. average |
|---|---|---|
| 500 kWh | $80 | $92 |
| 900 kWh | $144 | $165 |
| 1,200 kWh | $192 | $220 |
| 1,500 kWh | $240 | $275 |
Iowa vs. the West North Central region
Residential price per kWh, July 2026, and change from a year earlier.
| Area | Price | vs. year ago |
|---|---|---|
| Iowa | 15.99¢ | +4.4% |
| West North Central average | 15.89¢ | +4.1% |
| Minnesota | 17.45¢ | +3.1% |
| Missouri | 16.09¢ | +3.4% |
| South Dakota | 15.37¢ | +5.9% |
| Kansas | 15.27¢ | +5.6% |
| Nebraska | 13.78¢ | +7.3% |
| North Dakota | 13.41¢ | +0.8% |
Could solar cut your Iowa bill?
At 15.99¢/kWh, our example 7 kW system pays back in 12.9 years and saves $1,533 in year one.
Common questions
What is the average electricity rate in Iowa?
15.99¢ per kWh for residential customers in July 2026, according to the U.S. Energy Information Administration. That is below the national average of 18.31¢. Your own rate depends on your utility and plan.
How much does 1,000 kWh of electricity cost in Iowa?
At the state average of 15.99¢/kWh, 1,000 kWh of energy costs about $160. That average already includes taxes and fees spread across all kWh sold; your own cost depends on your utility's rates and how much you use.
Are electricity prices in Iowa going up?
The July 2026 average was up 4.4% from the same month a year earlier (15.31¢). Recent EIA months are preliminary and can be revised.
Is solar worth it in Iowa at these prices?
For our example 7 kW system on a 10,500 kWh/yr home with full net metering, payback in Iowa is 12.9 years at today's average price. It depends heavily on your rate, roof and how your utility credits exports — see the state solar page for details.
Electricity rates in other states
Source: U.S. Energy Information Administration, Electric Power Monthly, Table 5.6.A (average price of electricity to ultimate customers), July 2026. Recent months are preliminary. Monthly cost examples multiply the average price by usage; EIA derives the average by dividing utility revenue (including taxes and fees) by kWh sold.
