Solar Panel Cost Guide in Denison, IA (2024 Update)
- Denison Solar Installation Cost: $26,870
- 25-Year Savings: $24,698
- Payback Period: 15.5 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Denison
Find out what the average cost of solar panel installation is in Denison.
In Denison, solar panels cost about 4 per watt on average.Since a 9.6-kW system is needed to cover the energy usage of a typical home in Denison, the average price of going solar will be about $26,870 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what solar installer you go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on utility bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Denison
Year | Return on Investment |
---|---|
1 years | $-25,802 |
3 years | $-23,667 |
5 years | $-21,531 |
7 years | $-19,395 |
9 years | $-17,259 |
11 years | $-15,124 |
13 years | $-12,988 |
15 years | $-10,852 |
17 years | $-8,716 |
19 years | $-6,580 |
21 years | $-4,445 |
23 years | $-2,309 |
25 years | $-173 |
Top Solar Installers in Denison
Although it's possible to install solar panels on your own, it involves extra time and knowledge. That's why most people choose to hire a solar panel installer. The expertise that solar companies provide can be useful as well, particularly if you don’t quite know what type of solar equipment you need.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- 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
- 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 Denison
Factors that Affect Solar Panel Costs in Denison
For many Denison homeowners, the decision to install a solar energy system depends on 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 various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install 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
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Denison homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating in Denison, and each can charge different amounts for labor and equipment.Additionally, some companies in Denison are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $9,599 | 16.1 years |
8 kW | $4.09 | $22,905 | $13,247 | 15.8 years |
10 kW | $4.01 | $28,070 | $17,120 | 15.5 years |
12 kW | $3.93 | $33,010 | $21,218 | 15.2 years |
14 kW | $3.85 | $37,726 | $25,541 | 14.9 years |
16 kW | $3.77 | $42,217 | $30,087 | 14.6 years |
18 kW | $3.69 | $46,484 | $34,859 | 14.3 years |
20 kW | $3.61 | $50,526 | $39,855 | 14.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
Best National Provider
SunPower
- 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
- 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 Denison, IA Solar Cost FAQs
How much does it cost to install solar panels in Denison?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Denison?
You can’t get solar panels for free in Denison. 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’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $903.81 per year.
How long do solar panels last in Denison?
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 choose to 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.