How Much Is Electricity in Iowa?
The residential electricity rate in Iowa is 13.72¢ per kilowatt-hour (kWh), ranking #16 cheapest among all 51 US states. The national average is 17.92¢/kWh, making Iowa 23% below average.
13.72¢
Residential
#16
Price Rank
65.5%
Renewable
| Residential Rate | 13.72¢/kWh |
| Commercial Rate | 11.05¢/kWh |
| Industrial Rate | 7.20¢/kWh |
| US Average (Residential) | 17.92¢/kWh |
At 13.72¢/kWh, residential electricity in Iowa is 23% below the U.S. average of 17.92¢/kWh — the 16th cheapest residential rate among 51 states and territories tracked.
Across rate classes, commercial customers pay 11.05¢/kWh and industrial customers 7.20¢/kWh — a 3.85¢/kWh gap that reflects the volume discounts large industrial loads receive. Renewables supply 65.5% of Iowa's electricity generation — the 5th highest renewable share nationally — with wind the single largest source at 62.8%, followed by coal at 20.5%.
In 2024, Iowa generated about 70,464 GWh of electricity in total.
Source: U.S. Energy Information Administration, 2026.