Solar Panel Cost Guide in Asbury, IA (2023 Update)
- Asbury Solar Installation Cost: $18,913
- 25-Year Savings: $30,497
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Asbury
See how much it might cost to make the switch to solar in Asbury.
While the national average of solar panels is $2.66 per watt, solar panels in Asbury generally cost around 2.77. To cover the typical energy needs of the average home in Asbury, most homeowners require a 9.8-kilowatt system. Using the figure above, a solar installation costs around $18,905, or $27,034 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Asbury can save about $19,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Asbury
| Year | Return on Investment |
|---|---|
| 1 years | $-18,748 |
| 3 years | $-18,418 |
| 5 years | $-18,089 |
| 7 years | $-17,760 |
| 9 years | $-17,430 |
| 11 years | $-17,101 |
| 13 years | $-16,771 |
| 15 years | $-16,442 |
| 17 years | $-16,113 |
| 19 years | $-15,783 |
| 21 years | $-15,454 |
| 23 years | $-15,124 |
| 25 years | $-14,795 |
Top Solar Installers in Asbury
Although you can install solar panels by yourself, it involves extra labor and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your family.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers in Asbury:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Asbury
Factors that Affect Solar Panel Costs in Asbury
For many Asbury homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Asbury, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Asbury, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $2,770 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Asbury to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. While solar loans make switching to solar energy more accessible for Asbury homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can play a role in determining how much it costs. Asbury's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that has the products, warranties and services you're looking for and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.88 | $12,099 | $18,295 | 10.0 years |
| 8 kW | $2.83 | $15,822 | $24,703 | 9.8 years |
| 10 kW | $2.77 | $19,390 | $31,267 | 9.6 years |
| 12 kW | $2.71 | $22,803 | $37,986 | 9.4 years |
| 14 kW | $2.66 | $26,060 | $44,860 | 9.2 years |
| 16 kW | $2.60 | $29,163 | $51,889 | 9.0 years |
| 18 kW | $2.55 | $32,110 | $59,073 | 8.8 years |
| 20 kW | $2.49 | $34,902 | $66,412 | 8.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Asbury, IA Solar Cost FAQs
How much does it cost to install solar panels in Asbury?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Asbury?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.