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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Average Cost of Solar Panels in Denison
Find out what the average cost of solar panel installation is in Denison.
The national average cost of solar panels is $2.66 per watt, but in Denison it’s 4 per watt.Since a 9.6-kW system is needed to cover the energy needs 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.
How much you pay can go above or below the average in Denison based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $17,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar expert, 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
When making the switch to solar, many homeowners opt to go with a solar company since putting up a solar system yourself can be a difficult project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 solar panels rests 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 a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $4,010 per kilowatt in Denison.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Denison, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Denison, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.When trying to figure 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 on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Denison, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering 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 | $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 a large number of companies to choose from in Denison, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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
What is the average cost of installing solar panels in Denison?
This is a difficult 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Denison?
A solar panel system isn’t free in Denison, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels significantly reduce my electricity bills?
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 should be disposed of at that time. What this means is the amount of 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.