Solar Panel Cost Guide in Asbury, IA (2024 Update)
- Asbury Solar Installation Cost: $27,379
- 25-Year Savings: $30,497
- Payback Period: 13.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Asbury
Here’s how much it might cost to install solar panels in Asbury.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Asbury, the average cost of a solar system is 4 per watt.The average solar panel system size in Asbury is around 9.8 kilowatts, meaning a cost of about $27,379 for a solar installation, or $39,152 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Asbury homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on energy bills.
To get a free estimate from a highly rated solar installation company in Asbury, you can click the button below.
Solar savings over time in Asbury
| Year | Return on Investment |
|---|---|
| 1 years | $-25,662 |
| 3 years | $-22,229 |
| 5 years | $-18,796 |
| 7 years | $-15,363 |
| 9 years | $-11,930 |
| 11 years | $-8,497 |
| 13 years | $-5,064 |
| 15 years | $-1,631 |
| 17 years | $1,802 |
| 19 years | $5,235 |
| 21 years | $8,668 |
| 23 years | $12,101 |
| 25 years | $15,534 |
Top Solar Installers in Asbury
Although it's possible to install solar panels yourself, it takes extra effort and know-how. That's why most homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Asbury: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,010.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Asbury average.
Solar Financing Terms
Many homeowners find the average cost of solar in Asbury to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Asbury is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Asbury have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.17 | $17,516 | $12,879 | 14.4 years |
| 8 kW | $4.09 | $22,905 | $17,620 | 14.1 years |
| 10 kW | $4.01 | $28,070 | $22,587 | 13.9 years |
| 12 kW | $3.93 | $33,010 | $27,778 | 13.6 years |
| 14 kW | $3.85 | $37,726 | $33,194 | 13.3 years |
| 16 kW | $3.77 | $42,217 | $38,834 | 13.0 years |
| 18 kW | $3.69 | $46,484 | $44,699 | 12.7 years |
| 20 kW | $3.61 | $50,526 | $50,788 | 12.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should opt for, since different companies provide different panels.
- Warranty: If you’re concerned about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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?
The average cost of solar panels in Asbury is about $20,050 for a 5-kW system and $40,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Asbury?
A solar panel system isn’t free in Asbury, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.