Solar Panel Cost Guide in Bondurant, IA (2024 Update)
- Bondurant Solar Installation Cost: $26,849
- 25-Year Savings: $24,307
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Bondurant
Find out what the average cost of a solar system is in Bondurant.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bondurant, the typical cost of a solar system is 4 per watt.The average solar panel system size in Bondurant is around 9.6 kilowatts, meaning a cost of about $26,849 for a solar installation, or $38,394 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Bondurant homeowners. The cost 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.Even with the significant upfront cost, the average Bondurant homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar company in Bondurant for a customized quote.
Solar savings over time in Bondurant
| Year | Return on Investment |
|---|---|
| 1 years | $-25,781 |
| 3 years | $-23,646 |
| 5 years | $-21,510 |
| 7 years | $-19,374 |
| 9 years | $-17,238 |
| 11 years | $-15,103 |
| 13 years | $-12,967 |
| 15 years | $-10,831 |
| 17 years | $-8,695 |
| 19 years | $-6,559 |
| 21 years | $-4,424 |
| 23 years | $-2,288 |
| 25 years | $-152 |
Top Solar Installers in Bondurant
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make converting to solar power much easier. Another benefit of utilizing a solar installer is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you're looking for a solar company in Bondurant, we've organized a list of our top suggestions here:
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 many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $4,010 per kilowatt in Bondurant.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Bondurant is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different price points.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $9,365 | 16.3 years |
| 8 kW | $4.09 | $22,905 | $12,936 | 16.0 years |
| 10 kW | $4.01 | $28,070 | $16,732 | 15.7 years |
| 12 kW | $3.93 | $33,010 | $20,752 | 15.4 years |
| 14 kW | $3.85 | $37,726 | $24,997 | 15.0 years |
| 16 kW | $3.77 | $42,217 | $29,466 | 14.7 years |
| 18 kW | $3.69 | $46,484 | $34,160 | 14.4 years |
| 20 kW | $3.61 | $50,526 | $39,078 | 14.1 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: The model of solar panel you’d like plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- 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
How much does it cost to install solar panels in Bondurant?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $20,050 for a 5-kW system and $40,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Bondurant have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 install 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.