Solar Panel Cost Guide in Boone, IA (2025 Update)
- Boone Solar Installation Cost: $26,836
- 25-Year Savings: $31,211
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Boone
Find out how much it might cost to make the switch to solar in Boone.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Boone, the typical cost of a solar system is 4 per watt.Since a 9.6-kW system is needed to cover the energy needs of a typical home in Boone, the average price of going solar will be about $26,836 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Boone homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $20,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Boone that can help you get a more accurate cost estimate for your home.
Solar savings over time in Boone
| Year | Return on Investment |
|---|---|
| 1 years | $-25,120 |
| 3 years | $-21,687 |
| 5 years | $-18,254 |
| 7 years | $-14,821 |
| 9 years | $-11,388 |
| 11 years | $-7,955 |
| 13 years | $-4,522 |
| 15 years | $-1,089 |
| 17 years | $2,344 |
| 19 years | $5,777 |
| 21 years | $9,210 |
| 23 years | $12,643 |
| 25 years | $16,076 |
Top Solar Installers in Boone
Although you can install solar panels yourself, it requires extra effort and knowledge. Because of that, most homeowners choose to hire a solar panel installer. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
See all of the solar companies in Boone
Factors that Affect Solar Panel Costs in Boone
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Boone: 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 size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,010. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Boone average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Boone, you’ll have many options to choose from, but each comes at different price points for labor and equipment.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $13,706 | 14.0 years |
| 8 kW | $4.09 | $22,905 | $18,723 | 13.8 years |
| 10 kW | $4.01 | $28,070 | $23,965 | 13.5 years |
| 12 kW | $3.93 | $33,010 | $29,432 | 13.2 years |
| 14 kW | $3.85 | $37,726 | $35,123 | 12.9 years |
| 16 kW | $3.77 | $42,217 | $41,039 | 12.7 years |
| 18 kW | $3.69 | $46,484 | $47,180 | 12.4 years |
| 20 kW | $3.61 | $50,526 | $53,545 | 12.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- 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 substantial role in the company you hire.
EcoWatch's Boone, IA Solar Cost FAQs
How much does it cost to install solar panels in Boone?
The average cost of solar panels in Boone 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Boone is currently $167,157, which means you could be looking at a value of about $6,853 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Boone is a rewarding investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.