Solar Panel Cost Guide in Iowa Colony, TX (2023 Update)
- Iowa Colony Solar Installation Cost: $13,744
- 25-Year Savings: $23,444
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Iowa Colony
Here's how much it might cost to make the switch to solar in Iowa Colony.
The national average cost of solar panels is $2.66 per watt, but in Iowa Colony it's 2.69 per watt. To account for the typical energy usage of the average home in Iowa Colony, most homeowners require a 7.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,746, or $19,657 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Iowa Colony
| Year | Return on Investment |
|---|---|
| 1 years | $-13,620 |
| 3 years | $-13,372 |
| 5 years | $-13,124 |
| 7 years | $-12,876 |
| 9 years | $-12,628 |
| 11 years | $-12,380 |
| 13 years | $-12,132 |
| 15 years | $-11,884 |
| 17 years | $-11,636 |
| 19 years | $-11,389 |
| 21 years | $-11,141 |
| 23 years | $-10,893 |
| 25 years | $-10,645 |
Top Solar Installers in Iowa Colony
Although it's possible to install solar panels by yourself, it requires extra energy and knowledge. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Iowa Colony
Factors that Affect Solar Panel Costs in Iowa Colony
While the average cost of a solar system in Iowa Colony is $13,746, your actual cost may be above or below the average. There are many 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
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need 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 $2,690. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Iowa Colony, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Iowa Colony homeowners decide to finance their solar panel systems to make going solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Iowa Colony, you'll have many options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $18,820 | 9.6 years |
| 8 kW | $2.74 | $15,365 | $25,395 | 9.4 years |
| 10 kW | $2.69 | $18,830 | $32,120 | 9.2 years |
| 12 kW | $2.64 | $22,144 | $38,996 | 9.1 years |
| 14 kW | $2.58 | $25,308 | $46,022 | 8.9 years |
| 16 kW | $2.53 | $28,320 | $53,199 | 8.7 years |
| 18 kW | $2.47 | $31,182 | $60,527 | 8.5 years |
| 20 kW | $2.42 | $33,894 | $68,006 | 8.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on 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:
- Solar Panel Brands: Different companies carry different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Iowa Colony, TX Solar Cost FAQs
How much does it cost to install solar panels in Iowa Colony?
The average cost of solar panels in Iowa Colony is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Iowa Colony have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Iowa Colony?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.