Solar Panel Cost Guide in Sheldon, IA (Feb 2023)
- Sheldon Solar Installation Cost: $18,731
- 25-Year Savings: $21,623
- Payback Period: 11.6 Years
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Top Solar Installers in Sheldon
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be a lot of work. The expertise that solar installers offer can be useful as well, particularly if you aren't sure what kind of solar equipment you need.
If you're looking for a solar company in Sheldon, we've put together a list of our top suggestions here:
See all of the solar companies in Sheldon
Factors that Affect Solar Panel Costs in Sheldon
While the average cost of a solar system in Sheldon is $18,731, your final cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,770 per kilowatt in Sheldon. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Sheldon have solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you pick will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Companies that 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 go with the company that provides the products, warranties and services you want 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||$12,963||12.1 years|
|8 kW||$2.83||$15,822||$17,595||11.8 years|
|10 kW||$2.77||$19,390||$22,381||11.6 years|
|12 kW||$2.71||$22,803||$27,323||11.4 years|
|14 kW||$2.66||$26,060||$32,420||11.1 years|
|16 kW||$2.60||$29,163||$37,672||10.9 years|
|18 kW||$2.55||$32,110||$43,079||10.7 years|
|20 kW||$2.49||$34,902||$48,641||10.4 years|
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose considerably 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:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable 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 satisfied reviews from past customers.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- 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.
EcoWatch's Sheldon, 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.