Cost to Run a Electric Furnace in Iowa
Iowa's average residential electricity rate is 16¢/kWh as of July 2026 — the 23rd cheapest in the country, 13% below the U.S. average. At typical usage (5 hours/day), a electric furnace here costs $292 per month.
Per hour
$1.92
at 10,000–20,000 W
Per day
$9.60
5 hours/day
Per month
$292
1,824 kWh
Per year
$3,504
21,900 kWh
By usage level in Iowa
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (2.5 hrs/day) | $4.80 | $146 | $1,752 |
| Typical (5 hrs/day) | $9.60 | $292 | $3,504 |
| Heavy (10 hrs/day) | $19.20 | $584 | $7,008 |
Iowa vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a electric furnace in Iowa?
At Iowa's current average residential rate of 16¢/kWh (July 2026), a electric furnace with typical usage costs about $9.60 per day, $292 per month, or $3,504 per year.
Is running a electric furnace in Iowa more expensive than average?
No — it's cheaper. Iowa's rate is about 13% below the U.S. average: $292 per month here versus $334 nationally.
What does electricity cost in Iowa right now?
Iowa residents pay an average of 16¢ per kWh as of July 2026 — the 23rd cheapest rate of the 51 U.S. jurisdictions we track.