Solar Panel Cost Guide in Tiffin, IA (Jan 2023)
- Tiffin Solar Installation Cost: $18,692
- 25-Year Savings: $26,755
- Payback Period: 10.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Top Solar Installers in Tiffin
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be a lot of work. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you'd like to start using solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers near you:
See all of the solar companies in Tiffin
Factors that Affect Solar Panel Costs in Tiffin
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Tiffin: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,770. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Tiffin average.
Solar Financing Terms
Many homeowners find the average cost of solar in Tiffin to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can play a part in determining how much it costs. Tiffin's solar companies all have different labor costs and add varying upcharges to equipment. You may come across 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 specials 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||$16,193||10.7 years|
|8 kW||$2.83||$15,822||$21,901||10.5 years|
|10 kW||$2.77||$19,390||$27,764||10.3 years|
|12 kW||$2.71||$22,803||$33,782||10.1 years|
|14 kW||$2.66||$26,060||$39,955||9.9 years|
|16 kW||$2.60||$29,163||$46,283||9.7 years|
|18 kW||$2.55||$32,110||$52,767||9.5 years|
|20 kW||$2.49||$34,902||$59,405||9.3 years|
How to Save on Solar Panels
There are a large number of companies available in Tiffin, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
EcoWatch's Tiffin, 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.