Electricity Rates in New providence, IA
The average residential electricity rate in New providence, IA is 16.0¢/kWh based on 2024 EIA data. The city is served by 3 utility providers. This is 14.3% above the Iowa state average.
Electricity Providers in New providence
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Consumers Energy Coop - (IA) | 15.0¢/kWh | 12.0¢/kWh | Cooperative |
| Interstate Power and Light Co | 18.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Midland Power Coop | 14.0¢/kWh | 11.0¢/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 New providence
At 16.0¢/kWh, a typical New providence 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 New providence
Charging an electric vehicle at home in New providence 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 New providence, IA?
The average residential electricity rate in New providence, 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 New providence?
New providence is served by 3 electricity providers. Consumers Energy Coop - (IA) is the largest provider in the area, though rates and availability vary by specific address.
How do New providence electricity rates compare to the rest of Iowa?
New providence'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.