Solar Panel Cost Guide in Iowa Park, TX (2023 Update)
- Iowa Park Solar Installation Cost: $14,012
- 25-Year Savings: $23,176
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Iowa Park
Here's how much it might cost to switch to solar power in Iowa Park.
The national average cost of solar panels is $2.66 per watt, but in Iowa Park it's 2.69 per watt. To account for the typical energy usage of the average home in Iowa Park, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $14,010, or $20,034 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Iowa Park can save about $20,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Iowa Park
| Year | Return on Investment |
|---|---|
| 1 years | $-13,888 |
| 3 years | $-13,640 |
| 5 years | $-13,392 |
| 7 years | $-13,144 |
| 9 years | $-12,896 |
| 11 years | $-12,648 |
| 13 years | $-12,400 |
| 15 years | $-12,152 |
| 17 years | $-11,904 |
| 19 years | $-11,656 |
| 21 years | $-11,408 |
| 23 years | $-11,161 |
| 25 years | $-10,913 |
Top Solar Installers in Iowa Park
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make your swap to solar power much easier. Plus, if you're unsure what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:
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 Park
Factors that Affect Solar Panel Costs in Iowa Park
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Iowa Park: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Iowa Park average.
Solar Financing Terms
Many homeowners find the average cost of solar in Iowa Park to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest. It's wise to factor 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 hire to install your solar panel system can influence how much it costs. Iowa Park's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Iowa Park are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $2.80 | $11,750 | $18,236 | 9.8 years |
| 8 kW | $2.74 | $15,365 | $24,615 | 9.6 years |
| 10 kW | $2.69 | $18,830 | $31,146 | 9.4 years |
| 12 kW | $2.64 | $22,144 | $37,827 | 9.2 years |
| 14 kW | $2.58 | $25,308 | $44,659 | 9.0 years |
| 16 kW | $2.53 | $28,320 | $51,641 | 8.9 years |
| 18 kW | $2.47 | $31,182 | $58,774 | 8.7 years |
| 20 kW | $2.42 | $33,894 | $66,058 | 8.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: If you're worried about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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.
- Solar Panel Brands: Different companies have various brands and types of panels. If you want a specific brand, make sure the solar installer you're considering has it.
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 Park, TX Solar Cost FAQs
What is the average cost of installing solar panels in Iowa Park?
The average cost of solar panels in Iowa Park 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Iowa Park have a net metering program?
Each state has some form 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 power bills.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger level 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.