Electricity Rates in Ames, IA

The average residential electricity rate in Ames is $0.13 per kilowatt-hour (kWh), which is 19% below the national average of $0.16/kWh. The average monthly electric bill for Ames homeowners is approximately $112.

With solar panels, Ames homeowners can reduce their electricity costs by approximately 74%, saving around $83 per month or $27,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Ames area include MidAmerican Energy, Alliant Energy (Interstate Power), Iowa Lakes Electric Cooperative. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Ames and across Iowa have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.