Solar Panel Cost Guide in Norwalk, IA (Jan 2023)
- Norwalk Solar Installation Cost: $18,498
- 25-Year Savings: $19,262
- Payback Period: 12.3 Years
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Top Solar Installers in Norwalk
Many homeowners opt for a solar panel installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for you.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Norwalk
Factors that Affect Solar Panel Costs in Norwalk
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Norwalk: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use 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 $2,770. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can play a part in determining the cost. Norwalk's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Norwalk have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$11,642||12.7 years|
|8 kW||$2.83||$15,822||$15,833||12.5 years|
|10 kW||$2.77||$19,390||$20,179||12.3 years|
|12 kW||$2.71||$22,803||$24,680||12.0 years|
|14 kW||$2.66||$26,060||$29,336||11.8 years|
|16 kW||$2.60||$29,163||$34,148||11.5 years|
|18 kW||$2.55||$32,110||$39,114||11.3 years|
|20 kW||$2.49||$34,902||$44,236||11.0 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
EcoWatch's Norwalk, IA Solar Cost FAQs
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.