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