Solar Panel Cost Guide in Keokuk, IA (2023 Update)
- Keokuk Solar Installation Cost: $18,304
- 25-Year Savings: $36,352
- Payback Period: 8.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Keokuk
See how much it might cost to go solar in Keokuk.
The average cost of solar panels in Keokuk is 2.77 per watt. To cover the typical energy needs of the average home in Keokuk, most homeowners require a 9.4-kilowatt system. Using the figure above, a solar installation costs about $18,304, or $26,175 before the federal solar tax credit of 30% is applied.
These figures are just averages, and your own solar costs may vary based on your energy needs and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on electricity bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Keokuk
| Year | Return on Investment |
|---|---|
| 1 years | $-16,118 |
| 3 years | $-11,745 |
| 5 years | $-7,373 |
| 7 years | $-3,001 |
| 9 years | $1,372 |
| 11 years | $5,744 |
| 13 years | $10,117 |
| 15 years | $14,489 |
| 17 years | $18,862 |
| 19 years | $23,234 |
| 21 years | $27,607 |
| 23 years | $31,979 |
| 25 years | $36,352 |
Top Solar Installers in Keokuk
When making the switch to solar, many homeowners opt to use a solar installer since overseeing your solar installation yourself can be a difficult project. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what type of solar equipment you need.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Keokuk
Factors that Affect Solar Panel Costs in Keokuk
Though the average cost of a solar system in Keokuk is $18,304, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar 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 spend about $2,770 per kilowatt in Keokuk. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Keokuk average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Keokuk homeowners opt to finance their solar panel systems to offset upfront costs. Even though solar loans make going solar more accessible for Keokuk homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Keokuk, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $22,656 | 8.7 years |
| 8 kW | $2.83 | $15,822 | $30,518 | 8.5 years |
| 10 kW | $2.77 | $19,390 | $38,536 | 8.4 years |
| 12 kW | $2.71 | $22,803 | $46,708 | 8.2 years |
| 14 kW | $2.66 | $26,060 | $55,036 | 8.0 years |
| 16 kW | $2.60 | $29,163 | $63,519 | 7.9 years |
| 18 kW | $2.55 | $32,110 | $72,157 | 7.7 years |
| 20 kW | $2.49 | $34,902 | $80,950 | 7.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Keokuk, 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:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: Get detailed information from your solar installer 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 carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
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 Keokuk, IA Solar Cost FAQs
How much does it cost to install solar panels in Keokuk?
The average cost of solar panels in Keokuk 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 type 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?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Keokuk?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
Although 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 their energy production 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.