Electricity Rates in 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.