Electricity Rates in Monticello, IA
The average residential electricity rate in Monticello, IA is 16.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 14.3% above the Iowa state average.
Electricity Providers in Monticello
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Interstate Power and Light Co | 18.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Maquoketa Valley Rrl Elec Coop | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Monticello
At 16.0¢/kWh, a typical Monticello household spends approximately $1701.12/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 Monticello
Charging an electric vehicle at home in Monticello costs approximately $144.00/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 Monticello, IA?
The average residential electricity rate in Monticello, IA is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Monticello?
Monticello is served by 2 electricity providers. Interstate Power and Light Co is the largest provider in the area, though rates and availability vary by specific address.
How do Monticello electricity rates compare to the rest of Iowa?
Monticello's average rate of 16.0¢/kWh is 14.3% above the Iowa state average of 14.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.