Solar Panel Cost Guide in Dewitt, IA (2023 Update)
- Dewitt Solar Installation Cost: $18,789
- 25-Year Savings: $31,978
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Dewitt
Let's have a look at the average cost of solar in Dewitt.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dewitt, the typical cost of solar panels is 2.77 per watt. To account for the typical energy needs of the average home in Dewitt, most homeowners require a 9.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,789, or $26,868 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you want to go with. Many homeowners find installing solar panels is a sound investment. The average homeowner in Dewitt can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Dewitt that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dewitt
| Year | Return on Investment |
|---|---|
| 1 years | $-16,758 |
| 3 years | $-12,697 |
| 5 years | $-8,635 |
| 7 years | $-4,574 |
| 9 years | $-513 |
| 11 years | $3,549 |
| 13 years | $7,610 |
| 15 years | $11,671 |
| 17 years | $15,733 |
| 19 years | $19,794 |
| 21 years | $23,856 |
| 23 years | $27,917 |
| 25 years | $31,978 |
Top Solar Installers in Dewitt
Installing solar panels by yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Dewitt:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
For many Dewitt homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Dewitt, 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
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,770. The type of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Dewitt to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. However, the interest on solar loans also adds to your all-in costs, so it's important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
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 choose to install your PV system. Similar to choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that offer a range of services at different costs. Some companies 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 cost more. It's best to do some research and decide on the company that provides the products, warranties and services you're looking for and also fits within 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 | $2.88 | $12,099 | $19,340 | 9.6 years |
| 8 kW | $2.83 | $15,822 | $26,097 | 9.4 years |
| 10 kW | $2.77 | $19,390 | $33,009 | 9.3 years |
| 12 kW | $2.71 | $22,803 | $40,076 | 9.1 years |
| 14 kW | $2.66 | $26,060 | $47,299 | 8.9 years |
| 16 kW | $2.60 | $29,163 | $54,676 | 8.7 years |
| 18 kW | $2.55 | $32,110 | $62,209 | 8.5 years |
| 20 kW | $2.49 | $34,902 | $69,897 | 8.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 good reviews from previous customers.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
What is the average cost of installing solar panels in Dewitt?
The average cost of solar panels in Dewitt is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the real 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.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Dewitt, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.