Solar Panel Cost Guide in Vinton, IA (2023 Update)
- Vinton Solar Installation Cost: $18,784
- 25-Year Savings: $28,056
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Vinton
We go over average solar pricing in Vinton.
Although the national average of solar panels is $2.66 per watt, solar panels in Vinton typically cost about 2.77. The average solar panel system size in Vinton is around 9.7 kilowatts, meaning a cost of about $18,789 for a solar installation, or $26,868 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Vinton can save about $18,000 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 Vinton
| Year | Return on Investment |
|---|---|
| 1 years | $-18,628 |
| 3 years | $-18,316 |
| 5 years | $-18,003 |
| 7 years | $-17,691 |
| 9 years | $-17,379 |
| 11 years | $-17,067 |
| 13 years | $-16,754 |
| 15 years | $-16,442 |
| 17 years | $-16,130 |
| 19 years | $-15,818 |
| 21 years | $-15,505 |
| 23 years | $-15,193 |
| 25 years | $-14,881 |
Top Solar Installers in Vinton
When going solar, many homeowners choose to go with a solar company since putting up solar panels yourself can be a time-consuming project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Vinton:
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 Vinton
Factors that Affect Solar Panel Costs in Vinton
For many Vinton homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Vinton, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just 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 in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your all-in costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Vinton, and each can charge different amounts for labor and equipment. Additionally, some companies in Vinton have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $16,911 | 10.4 years |
| 8 kW | $2.83 | $15,822 | $22,858 | 10.2 years |
| 10 kW | $2.77 | $19,390 | $28,960 | 10.0 years |
| 12 kW | $2.71 | $22,803 | $35,218 | 9.8 years |
| 14 kW | $2.66 | $26,060 | $41,630 | 9.6 years |
| 16 kW | $2.60 | $29,163 | $48,198 | 9.4 years |
| 18 kW | $2.55 | $32,110 | $54,921 | 9.2 years |
| 20 kW | $2.49 | $34,902 | $61,799 | 9.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- 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 expectations you should have about the installation process.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
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 Vinton, IA Solar Cost FAQs
How much does it cost to install solar panels in Vinton?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,850 for a 5-kW system and $27,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Vinton?
Solar panels aren't free in Vinton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Vinton have a net metering program?
Each state has some form 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.