Solar Panel Cost Guide in Iowa Park, TX (Mar 2023)
- Iowa Park Solar Installation Cost: $14,010
- 25-Year Savings: $23,178
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Iowa Park
We go over average solar pricing in Iowa Park.
Although the national average of solar panels is $2.66 per watt, solar panels in Iowa Park typically cost about 2.69. 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 around $14,010, or $20,034 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on utility bills.
To get a free quote from a vetted solar company in Iowa Park, you can click the button below.
Solar savings over time in Iowa Park
| Year | Return on Investment |
|---|---|
| 1 years | $-12,522 |
| 3 years | $-9,547 |
| 5 years | $-6,572 |
| 7 years | $-3,597 |
| 9 years | $-622 |
| 11 years | $2,353 |
| 13 years | $5,328 |
| 15 years | $8,303 |
| 17 years | $11,278 |
| 19 years | $14,253 |
| 21 years | $17,228 |
| 23 years | $20,203 |
| 25 years | $23,178 |
Top Solar Installers in Iowa Park
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your switch to solar power much easier. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
Although the average cost of a solar system in Iowa Park is $14,010, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar energy system in Iowa Park, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Iowa Park offer solar loans, which reduce your upfront costs of installing solar. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Iowa Park, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, 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 | $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 companies available in Iowa Park, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable 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 good reviews from past customers.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
How much does it cost to install 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 real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Iowa Park?
You can't get solar panels for free in Iowa Park. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Iowa Park is currently $93,700, so you could be looking at a value of about $3,842 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Iowa Park is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.