Solar Panel Cost Guide in Denison, IA (2023 Update)
- Denison Solar Installation Cost: $18,556
- 25-Year Savings: $24,703
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Denison
Find out what the average cost of solar panels are in Denison.
In Denison, solar panels cost about 2.77 per watt on average. Because a 9.6-kW system is needed to cover the energy consumption of a typical home in Denison, the average price of going solar will be about $18,556 after claiming the federal solar tax credit of 30%.
How much you pay can be above or below the average in Denison based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Denison can save around $17,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Denison
| Year | Return on Investment |
|---|---|
| 1 years | $-16,826 |
| 3 years | $-13,365 |
| 5 years | $-9,904 |
| 7 years | $-6,444 |
| 9 years | $-2,983 |
| 11 years | $478 |
| 13 years | $3,939 |
| 15 years | $7,399 |
| 17 years | $10,860 |
| 19 years | $14,321 |
| 21 years | $17,782 |
| 23 years | $21,242 |
| 25 years | $24,703 |
Top Solar Installers in Denison
Putting up solar panels by yourself can be a stressful undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a licensed 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Denison
Factors that Affect Solar Panel Costs in Denison
For many Denison homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Denison, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Denison, 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 gauge by looking at past electricity bills. Your total cost can increase by around $2,770 for each additional kilowatt you need. The brand and kind of equipment you want 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 have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater 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 a solar system in cash is difficult, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average. It's a good idea 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can influence the cost. Denison's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $2.88 | $12,099 | $15,015 | 11.2 years |
| 8 kW | $2.83 | $15,822 | $20,330 | 10.9 years |
| 10 kW | $2.77 | $19,390 | $25,800 | 10.7 years |
| 12 kW | $2.71 | $22,803 | $31,426 | 10.5 years |
| 14 kW | $2.66 | $26,060 | $37,206 | 10.3 years |
| 16 kW | $2.60 | $29,163 | $43,142 | 10.1 years |
| 18 kW | $2.55 | $32,110 | $49,233 | 9.9 years |
| 20 kW | $2.49 | $34,902 | $55,479 | 9.7 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the completion timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Denison, IA Solar Cost FAQs
What is the average cost of installing solar panels in Denison?
This is a difficult question to answer precisely, 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. 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 Denison?
Solar panels aren't free in Denison, 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 having solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Denison is currently $105,600, which means you can look forward to a value of about $4,330 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Denison is a rewarding investment.
How often do you have to replace solar panels?
Though 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 their energy production 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.