Electricity Rates in Malvern, IA
Residents of Malvern, IA benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. MidAmerican Energy Co serves the area.
Electricity Providers in Malvern
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| MidAmerican Energy Co | 11.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Malvern
At 11.0¢/kWh, a typical Malvern household spends approximately $1169.52/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 Malvern
Charging an electric vehicle at home in Malvern costs approximately $99.00/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 Malvern, IA?
The average residential electricity rate in Malvern, IA is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Malvern?
Malvern is served by 1 electricity provider. MidAmerican Energy Co is the largest provider in the area.
How do Malvern electricity rates compare to the rest of Iowa?
Malvern's average rate of 11.0¢/kWh is 21.4% below the Iowa state average of 14.0¢/kWh. Residents enjoy some of the lower rates in the state.