Solar Panel Cost Guide in Iowa Colony, TX (2024 Update)
- Iowa Colony Solar Installation Cost: $17,014
- 25-Year Savings: $23,444
- Payback Period: 11.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Iowa Colony
We go over average solar pricing in Iowa Colony.
While the national average of solar panels is $2.66 per watt, solar panels in Iowa Colony typically cost about 3.The average Iowa Colony homeowner needs a 7.3-kilowatt system, which would cost about $17,014 with the federal tax credit, or $24,330 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Iowa Colony homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average Iowa Colony homeowners see about $20,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Iowa Colony
| Year | Return on Investment |
|---|---|
| 1 years | $-15,593 |
| 3 years | $-12,750 |
| 5 years | $-9,908 |
| 7 years | $-7,066 |
| 9 years | $-4,224 |
| 11 years | $-1,382 |
| 13 years | $1,460 |
| 15 years | $4,302 |
| 17 years | $7,145 |
| 19 years | $9,987 |
| 21 years | $12,829 |
| 23 years | $15,671 |
| 25 years | $18,513 |
Top Solar Installers in Iowa Colony
When switching to solar energy, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a difficult project. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor too, which can save you more money over time.
If you’d like to go solar but still aren’t certain which solar panel installer to go with, here are our suggestions for providers in Iowa Colony:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
Although the average cost of a solar system in Iowa Colony is $17,014, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Iowa Colony.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Iowa Colony average.
Solar Financing Terms
Most solar installers in Iowa Colony provide solar loans, which reduce the initial cost of installing solar.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence how much you pay. Iowa Colony’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Iowa Colony 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 walking you through the whole process. 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 | $3.46 | $14,545 | $16,024 | 11.9 years |
| 8 kW | $3.40 | $19,021 | $21,739 | 11.7 years |
| 10 kW | $3.33 | $23,310 | $27,640 | 11.4 years |
| 12 kW | $3.26 | $27,413 | $33,727 | 11.2 years |
| 14 kW | $3.20 | $31,329 | $40,001 | 11.0 years |
| 16 kW | $3.13 | $35,058 | $46,461 | 10.8 years |
| 18 kW | $3.06 | $38,601 | $53,108 | 10.5 years |
| 20 kW | $3.00 | $41,958 | $59,942 | 10.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Iowa Colony, 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: Read the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should go with, since different companies have access to different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
What is the average cost of installing solar panels in Iowa Colony?
The average cost of solar panels in Iowa Colony is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Iowa Colony?
You can’t get solar panels for free in Iowa Colony. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Iowa Colony is currently $395,337, so you can expect a value of about $16,209 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Iowa Colony is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 account for 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.