Electricity Rates in Waterloo, IA
Residents of Waterloo, IA benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. The city is served by 2 electricity providers, with MidAmerican Energy Co being the largest.
Electricity Providers in Waterloo
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Cedar Falls Utilities | 10.0¢/kWh | 6.0¢/kWh | Municipal |
| 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 Waterloo
At 11.0¢/kWh, a typical Waterloo 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 Waterloo
Charging an electric vehicle at home in Waterloo 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 Waterloo, IA?
The average residential electricity rate in Waterloo, 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 Waterloo?
Waterloo is served by 2 electricity providers. MidAmerican Energy Co is the largest provider in the area, though rates and availability vary by specific address.
How do Waterloo electricity rates compare to the rest of Iowa?
Waterloo'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.