Solar Panel Cost Guide in Grimes, IA (Nov 2022)

  • Grimes Solar Installation Cost: $18,537
  • 25-Year Savings: $19,223
  • Payback Period: 12.3 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Grimes

See how much it might cost to make the switch to solar in Grimes.

While the national average of solar panels is $2.66 per watt, solar panels in Grimes generally cost around $3. The average Grimes homeowner needs a 9.6-kilowatt system, which would cost about $18,537, or $13,717 after the federal solar tax credit of 30% is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Grimes can save around $15,000 on their electricity bills over 20 years.

For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Grimes

Year Return on Investment
1 years $-17,026
3 years $-14,006
5 years $-10,985
7 years $-7,964
9 years $-4,943
11 years $-1,923
13 years $1,098
15 years $4,119
17 years $7,140
19 years $10,161
21 years $13,181
23 years $16,202
25 years $19,223

Top Solar Installers in Grimes

When switching to solar energy, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Another perk of using a solar company is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.

If you'd like to make the switch to solar but still aren't sure which solar system company to go with, here are our suggestions for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Grimes

Factors that Affect Solar Panel Costs in Grimes

The cost of installing a solar system in Grimes can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size. Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,770. There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. 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 Grimes provide solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make adopting solar energy more accessible for Grimes homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panel system can impact how much it costs. Grimes' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 $2.88 $12,099 $11,606 12.8 years
8 kW $2.83 $15,822 $15,784 12.5 years
10 kW $2.77 $19,390 $20,118 12.3 years
12 kW $2.71 $22,803 $24,607 12.0 years
14 kW $2.66 $26,060 $29,252 11.8 years
16 kW $2.60 $29,163 $34,051 11.5 years
18 kW $2.55 $32,110 $39,005 11.3 years
20 kW $2.49 $34,902 $44,115 11.0 years

How to Save on Solar Panels

Since the kind of solar panels and the company you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
  • Solar Panel Brands: Different companies carry various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
  • Warranty: If you're concerned about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Grimes, IA Solar Cost FAQs

How much does it cost to install solar panels in Grimes?

The average cost of solar panels in Grimes 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 such as the kind 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 Grimes?

Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase the value of your home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Grimes is currently $253,544, which means you could be looking at a value of about $10,395 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Grimes is a fruitful investment.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.

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.

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