Solar Panel Cost Guide in DeWitt, IA (2024 Update)
- DeWitt Solar Installation Cost: $27,196
- 25-Year Savings: $31,981
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in DeWitt
We go over average solar pricing in DeWitt.
Currently, the national average cost of solar panels is $2.66 per watt. However, in DeWitt, the average cost of a solar system is 4 per watt.To cover the typical energy needs of the average home in DeWitt, most homeowners require a 9.7-kilowatt system. Using the figure above, a solar installation costs around $27,196, or $38,890 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more.For most homeowners, the upfront investment in solar panels is worth paying. On average DeWitt homeowners see about $20,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
Solar savings over time in DeWitt
| Year | Return on Investment |
|---|---|
| 1 years | $-25,479 |
| 3 years | $-22,046 |
| 5 years | $-18,613 |
| 7 years | $-15,180 |
| 9 years | $-11,747 |
| 11 years | $-8,314 |
| 13 years | $-4,881 |
| 15 years | $-1,448 |
| 17 years | $1,985 |
| 19 years | $5,418 |
| 21 years | $8,851 |
| 23 years | $12,284 |
| 25 years | $15,717 |
Top Solar Installers in DeWitt
Although it's possible to install solar panels on your own, it takes extra time and handiness. That's why most homeowners choose a solar panel installer. Another great thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're looking for a solar company in DeWitt, the EcoWatch team has put together a list of our top suggestions here:
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 DeWitt
Factors that Affect Solar Panel Costs in DeWitt
Even though the average cost of a solar system in DeWitt is $27,196, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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 $4,010.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like DeWitt, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many DeWitt homeowners choose to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in DeWitt is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for 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 | $4.17 | $17,516 | $13,924 | 13.9 years |
| 8 kW | $4.09 | $22,905 | $19,014 | 13.7 years |
| 10 kW | $4.01 | $28,070 | $24,329 | 13.4 years |
| 12 kW | $3.93 | $33,010 | $29,869 | 13.1 years |
| 14 kW | $3.85 | $37,726 | $35,633 | 12.9 years |
| 16 kW | $3.77 | $42,217 | $41,622 | 12.6 years |
| 18 kW | $3.69 | $46,484 | $47,835 | 12.3 years |
| 20 kW | $3.61 | $50,526 | $54,273 | 12.1 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 models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 DeWitt, IA Solar Cost FAQs
How much does it cost to install solar panels in DeWitt?
The average cost of solar panels in DeWitt is about $20,050 for a 5-kW system and $40,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in DeWitt?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Do solar panels increase how much your home is worth?
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 DeWitt is currently $237,515, which means you can look forward to a value of about $9,738 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in DeWitt is a rewarding investment.
How long do solar panels last in DeWitt?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.