Solar Panel Cost Guide in Bondurant, IA (2023 Update)
- Bondurant Solar Installation Cost: $18,547
- 25-Year Savings: $24,307
- Payback Period: 10.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bondurant
Let's have a look at the average cost of solar panels in Bondurant.
In Bondurant, solar panels cost about 2.77 per watt on average. Using this figure, a typical 9.6-kW system would cost about $18,556 before the 30% federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Bondurant depending on several factors, such as the model of solar panels you choose and the solar installer you hire. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Bondurant that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bondurant
| Year | Return on Investment |
|---|---|
| 1 years | $-17,479 |
| 3 years | $-15,343 |
| 5 years | $-13,207 |
| 7 years | $-11,072 |
| 9 years | $-8,936 |
| 11 years | $-6,800 |
| 13 years | $-4,664 |
| 15 years | $-2,528 |
| 17 years | $-393 |
| 19 years | $1,743 |
| 21 years | $3,879 |
| 23 years | $6,015 |
| 25 years | $8,150 |
Top Solar Installers in Bondurant
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make converting to solar power much easier. Plus, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
There are a number of 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 Bondurant
Factors that Affect Solar Panel Costs in Bondurant
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,770. The type of solar equipment you choose can increase or decrease your cost 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. In addition, add-on products, like solar batteries, can bump up your total well above the Bondurant average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Bondurant, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make adopting solar energy more accessible for Bondurant homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in Bondurant, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that provides the products, warranties and services you want 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 | $14,782 | 11.3 years |
| 8 kW | $2.83 | $15,822 | $20,019 | 11.0 years |
| 10 kW | $2.77 | $19,390 | $25,412 | 10.8 years |
| 12 kW | $2.71 | $22,803 | $30,960 | 10.6 years |
| 14 kW | $2.66 | $26,060 | $36,663 | 10.4 years |
| 16 kW | $2.60 | $29,163 | $42,521 | 10.2 years |
| 18 kW | $2.55 | $32,110 | $48,534 | 10.0 years |
| 20 kW | $2.49 | $34,902 | $54,702 | 9.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Bondurant, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Bondurant, IA Solar Cost FAQs
What is the average cost of installing solar panels in Bondurant?
The average cost of solar panels in Bondurant is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Bondurant?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to 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.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Bondurant, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.