Solar Panel Cost Guide in Cedar Rapids, IA (Feb 2023)
- Cedar Rapids Solar Installation Cost: $18,847
- 25-Year Savings: $29,741
- Payback Period: 9.7 Years
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Top Solar Installers in Cedar Rapids
When making the switch to solar, many homeowners prefer to go with a solar company since handling can be a time-consuming project. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our suggestions for providers in Cedar Rapids:
See all of the solar companies in Cedar Rapids
Factors that Affect Solar Panel Costs in Cedar Rapids
The cost of installing a solar system in Cedar Rapids can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production 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 brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Cedar Rapids to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers 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||$17,904||10.1 years|
|8 kW||$2.83||$15,822||$24,182||9.9 years|
|10 kW||$2.77||$19,390||$30,615||9.7 years|
|12 kW||$2.71||$22,803||$37,204||9.5 years|
|14 kW||$2.66||$26,060||$43,947||9.3 years|
|16 kW||$2.60||$29,163||$50,846||9.1 years|
|18 kW||$2.55||$32,110||$57,900||8.9 years|
|20 kW||$2.49||$34,902||$65,108||8.7 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which installer you should opt for, since different companies provide different panels.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
EcoWatch's Cedar Rapids, IA Solar Cost FAQs
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.