Solar Panel Cost Guide in Davenport, IA (2024 Update)
- Davenport Solar Installation Cost: $27,096
- 25-Year Savings: $22,947
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Davenport
Find out what the average cost of a solar system is in Davenport.
The national average cost of solar panels is $2.66 per watt, but in Davenport it’s 4 per watt.To cover the typical energy needs of the average home in Davenport, most homeowners require a 9.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $27,096, or $38,747 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar system you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $16,000 in savings on energy bills over 20 years.
To get a free quote from a top solar installer in Davenport, you can click the button below.
Solar savings over time in Davenport
| Year | Return on Investment |
|---|---|
| 1 years | $-25,956 |
| 3 years | $-23,676 |
| 5 years | $-21,396 |
| 7 years | $-19,116 |
| 9 years | $-16,836 |
| 11 years | $-14,556 |
| 13 years | $-12,276 |
| 15 years | $-9,996 |
| 17 years | $-7,717 |
| 19 years | $-5,437 |
| 21 years | $-3,157 |
| 23 years | $-877 |
| 25 years | $1,403 |
Top Solar Installers in Davenport
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels on your own can be a lot of work. Plus, if you’d like to maximize your investment in solar power, using a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Davenport
Factors that Affect Solar Panel Costs in Davenport
For many Davenport homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Davenport, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Davenport, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $4,010 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can increase or decrease 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Davenport homeowners choose to finance their solar panel systems to offset upfront costs.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Davenport, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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 | $8,381 | 16.9 years |
| 8 kW | $4.09 | $22,905 | $11,624 | 16.6 years |
| 10 kW | $4.01 | $28,070 | $15,091 | 16.3 years |
| 12 kW | $3.93 | $33,010 | $18,783 | 15.9 years |
| 14 kW | $3.85 | $37,726 | $22,700 | 15.6 years |
| 16 kW | $3.77 | $42,217 | $26,841 | 15.3 years |
| 18 kW | $3.69 | $46,484 | $31,207 | 15.0 years |
| 20 kW | $3.61 | $50,526 | $35,797 | 14.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Davenport, IA Solar Cost FAQs
What is the average cost of installing solar panels in Davenport?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,050 for a 5-kW system and $40,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Davenport?
You can’t get solar panels for free in Davenport. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
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 Davenport is currently $167,796, so you can expect a value of about $6,880 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Davenport is a fruitful investment.
How long do solar panels last in Davenport?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.