Solar Panel Cost Guide in Iowa Park, TX (2024 Update)
- Iowa Park Solar Installation Cost: $17,345
- 25-Year Savings: $23,176
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Iowa Park
Find out what the average cost of solar panel installation is in Iowa Park.
The average cost of solar panels in Iowa Park is 3 per watt.To cover the typical energy needs of the average home in Iowa Park, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $17,345, or $24,803 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs will most likely look different based on the amount of energy your home requires and what company you want to go with.With typical savings of about $20,000 on energy bills over 20 years, many homeowners in Iowa Park find going solar has a decent ROI.
To receive a free quote from a top solar company in Iowa Park, you can click the button below.
Solar savings over time in Iowa Park
| Year | Return on Investment |
|---|---|
| 1 years | $-15,924 |
| 3 years | $-13,082 |
| 5 years | $-10,240 |
| 7 years | $-7,398 |
| 9 years | $-4,556 |
| 11 years | $-1,713 |
| 13 years | $1,129 |
| 15 years | $3,971 |
| 17 years | $6,813 |
| 19 years | $9,655 |
| 21 years | $12,497 |
| 23 years | $15,340 |
| 25 years | $18,182 |
Top Solar Installers in Iowa Park
Although it's possible to install solar panels yourself, it involves extra labor and knowledge. Because of that, almost all homeowners choose to go with a solar panel installer. The expertise that solar installers provide can be valuable as well, particularly if you aren’t sure what type of solar equipment you need.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Iowa Park:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Iowa Park
Factors that Affect Solar Panel Costs in Iowa Park
Although the average cost of a solar system in Iowa Park is $17,345, your final cost may differ. There are several factors that can have a major impact on the cost of a solar panel 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 some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use 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 $3,330.There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Iowa Park homeowners opt to finance their solar panel systems to make paying for solar more affordable.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 off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Iowa Park is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $15,440 | 12.1 years |
| 8 kW | $3.40 | $19,021 | $20,960 | 11.9 years |
| 10 kW | $3.33 | $23,310 | $26,666 | 11.7 years |
| 12 kW | $3.26 | $27,413 | $32,559 | 11.4 years |
| 14 kW | $3.20 | $31,329 | $38,638 | 11.2 years |
| 16 kW | $3.13 | $35,058 | $44,903 | 11.0 years |
| 18 kW | $3.06 | $38,601 | $51,355 | 10.7 years |
| 20 kW | $3.00 | $41,958 | $57,994 | 10.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the 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:
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project timeline.
- 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: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Iowa Park, TX Solar Cost FAQs
How much does it cost to install solar panels in Iowa Park?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Iowa Park?
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 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.