Solar Panel Cost Guide in Cedar Falls, IA (Jan 2023)

  • Cedar Falls Solar Installation Cost: $18,905
  • 25-Year Savings: $25,807
  • Payback Period: 10.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Cedar Falls

We break down average solar pricing in Cedar Falls.

In Cedar Falls, solar panels cost about $3 per watt on average. Using this figure, a typical 9.8 would cost about $18,905 before the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Cedar Falls homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Cedar Falls can save about $17,000 on their electricity bills over 20 years.

For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Cedar Falls

Year Return on Investment
1 years $-17,117
3 years $-13,540
5 years $-9,963
7 years $-6,386
9 years $-2,809
11 years $768
13 years $4,345
15 years $7,922
17 years $11,499
19 years $15,076
21 years $18,653
23 years $22,230
25 years $25,807

Top Solar Installers in Cedar Falls

Many homeowners decide to hire a solar panel installer since installing solar panels by yourself can be hard. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.

You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Cedar Falls

Factors that Affect Solar Panel Costs in Cedar Falls

Although the average cost of a solar system in Cedar Falls is $18,905, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.

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 uses, the larger your system will likely need to be. You can expect to pay around $2,770 per kilowatt in Cedar Falls. There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for solar panels in cash is too expensive, solar loans are a popular option because they lower your upfront costs and let you pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

The solar installer you pick will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Companies that 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 come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fits within 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 $15,419 11.0 years
8 kW $2.83 $15,822 $20,869 10.8 years
10 kW $2.77 $19,390 $26,474 10.6 years
12 kW $2.71 $22,803 $32,234 10.4 years
14 kW $2.66 $26,060 $38,149 10.1 years
16 kW $2.60 $29,163 $44,220 9.9 years
18 kW $2.55 $32,110 $50,445 9.7 years
20 kW $2.49 $34,902 $56,826 9.5 years

How to Save on Solar Panels

Since the model of solar panels and the installer you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
  • Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which installer you should opt for, since different companies have different panels.
  • Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Cedar Falls, IA Solar Cost FAQs

What is the average cost of installing solar panels in Cedar Falls?

This is a hard question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Are solar panels free in Cedar Falls?

A solar panel system isn't free in Cedar Falls, but there are some options that can make getting them more feasible, 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 solar panels impact the value of my home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cedar Falls is currently $192,700, so you can expect a value of about $7,901 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Cedar Falls is a fruitful investment.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy usage 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 cover 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.

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