Electricity Rates in Cedar Rapids, IA
Average electricity cost, utility comparison, and solar savings potential for Cedar Rapids homeowners.
Electricity in Cedar Rapids, IA averages $0.13/kWh and about $112/month — here is how that compares and how solar lowers it.
- The average residential electricity rate in Cedar Rapids is $0.13/kWh, 19% below the U.S. average of $0.16/kWh.
- A typical Cedar Rapids home pays about $112 per month for electricity.
- Iowa has a regulated market — the local utility sets the rate.
- Solar panels cut a typical Cedar Rapids bill by about 74% (around $83/month) and lock in costs for 25+ years.
What is the average electricity rate in Cedar Rapids, IA?
The average residential electricity rate in Cedar Rapids, IA is $0.13 per kWh, which is 19% below the national average of $0.16/kWh. Homeowners in Cedar Rapids pay an average of $112 per month for electricity, based on typical usage of 859 kWh per month.
Electricity rates in Cedar Rapids are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use.
Which electric utilities serve Cedar Rapids, IA?
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| MidAmerican Energy | $0.12 | $103 |
| Alliant Energy (Interstate Power) | $0.14 | $120 |
| Iowa Lakes Electric Cooperative | $0.13 | $112 |
Can solar lower your Cedar Rapids electricity bill?
Without Solar
- Monthly bill: $112
- Annual cost: $1,344
- 25-year cost: $33,600
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $83
- Annual savings: $996
- 25-year savings: $27,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Cedar Rapids, IA
The average residential electricity rate in Cedar Rapids is $0.13 per kilowatt-hour (kWh), which is 19% below the national average of $0.16/kWh. The average monthly electric bill for Cedar Rapids homeowners is approximately $112.
With solar panels, Cedar Rapids 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 Cedar Rapids 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 Cedar Rapids 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.
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