Electricity Rates in New london, IA
Residents of New london, 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 Access Energy Coop being the largest.
Electricity Providers in New london
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Access Energy Coop | 15.0¢/kWh | 13.0¢/kWh | Cooperative |
| Eastern Iowa Light & Power Coop | 14.0¢/kWh | 12.0¢/kWh | Cooperative |
| Interstate Power and Light Co | 18.0¢/kWh | 13.0¢/kWh | Investor Owned |
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 New london
At 15.0¢/kWh, a typical New london 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 New london
Charging an electric vehicle at home in New london 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 New london, IA?
The average residential electricity rate in New london, 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 New london?
New london is served by 3 electricity providers. Access Energy Coop is the largest provider in the area, though rates and availability vary by specific address.
How do New london electricity rates compare to the rest of Iowa?
New london'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.