Solar Panel Cost Guide in Evansdale, IA (Jan 2023)
- Evansdale Solar Installation Cost: $18,905
- 25-Year Savings: $18,854
- Payback Period: 12.5 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Evansdale
See how much it might cost to make the switch to solar in Evansdale.
The average cost of solar panels in Evansdale is $3 per watt. The average solar panel system size in Evansdale is around 9.8 kilowatts, meaning a cost of about $18,905 for a solar installation, or $13,990 after the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you choose to go with. Despite the significant upfront cost, the average Evansdale homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a vetted solar installer in Evansdale, you can click the button below.
Solar savings over time in Evansdale
| Year | Return on Investment |
|---|---|
| 1 years | $-17,395 |
| 3 years | $-14,374 |
| 5 years | $-11,353 |
| 7 years | $-8,333 |
| 9 years | $-5,312 |
| 11 years | $-2,291 |
| 13 years | $730 |
| 15 years | $3,751 |
| 17 years | $6,771 |
| 19 years | $9,792 |
| 21 years | $12,813 |
| 23 years | $15,834 |
| 25 years | $18,854 |
Top Solar Installers in Evansdale
Although you can install solar panels on your own, it takes extra energy and expertise. That's one of the reasons most homeowners choose to hire a solar panel installer. In addition, if you'd like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
Working with a licensed solar company can help you make the most of your investment in solar. 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 Evansdale
Factors that Affect Solar Panel Costs in Evansdale
For many Evansdale homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Evansdale, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important 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 power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,770 per kilowatt in Evansdale. There are a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Evansdale offer solar loans, which reduce the initial cost of installing solar panels. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Evansdale 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 many options for solar installers that provide a range of services at different costs. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $11,140 | 13.0 years |
| 8 kW | $2.83 | $15,822 | $15,164 | 12.8 years |
| 10 kW | $2.77 | $19,390 | $19,342 | 12.5 years |
| 12 kW | $2.71 | $22,803 | $23,676 | 12.3 years |
| 14 kW | $2.66 | $26,060 | $28,165 | 12.0 years |
| 16 kW | $2.60 | $29,163 | $32,809 | 11.8 years |
| 18 kW | $2.55 | $32,110 | $37,609 | 11.5 years |
| 20 kW | $2.49 | $34,902 | $42,563 | 11.3 years |
How to Save on Solar Panels
There are numerous companies available in Evansdale, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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 Evansdale, IA Solar Cost FAQs
What is the average cost of installing solar panels in Evansdale?
The average cost of solar panels in Evansdale is about $13,850 for a 5-kW system and $27,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Evansdale?
You can't get solar panels for free in Evansdale. 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 want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $774.65 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.