Electricity Rates in Lake park, IA
Residents of Lake park, IA benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 3 electricity providers, with Federated Rural Electric Assn being the largest.
Electricity Providers in Lake park
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Federated Rural Electric Assn | 12.0¢/kWh | N/A | Cooperative |
| Interstate Power and Light Co | 18.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Iowa Lakes Electric Coop | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lake park
At 15.0¢/kWh, a typical Lake park household spends approximately $1594.80/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Lake park
Charging an electric vehicle at home in Lake park costs approximately $135.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Iowa
Frequently Asked Questions
What is the average electricity rate in Lake park, IA?
The average residential electricity rate in Lake park, IA is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Lake park?
Lake park is served by 3 electricity providers. Federated Rural Electric Assn is the largest provider in the area, though rates and availability vary by specific address.
How do Lake park electricity rates compare to the rest of Iowa?
Lake park's average rate of 15.0¢/kWh is 7.1% above the Iowa state average of 14.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.