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
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Average Cost of Solar Panels in Iowa Colony
We go over average solar pricing in Iowa Colony.
The national average cost of solar panels is $2.66 per watt, but in Iowa Colony it’s 3 per watt.To cover the typical energy needs 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 around $17,014, or $24,330 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you want to go with.With average savings of about $20,000 on power bills over 20 years, many homeowners in Iowa Colony find investing in solar can pay off big.
You can click the button below to get connected with a top solar company in Iowa Colony that can help you get a more accurate cost estimate for your home.
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 going solar, many homeowners choose to go with a solar installer since installing a solar system yourself can be a difficult project. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance in the long run.
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
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 Colony
Factors that Affect Solar Panel Costs in Iowa Colony
While the average cost of a solar system in Iowa Colony is $17,014, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use 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 $3,330.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Iowa Colony, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 paying for solar more affordable.It’s wise to add 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire 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. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 Colony, TX Solar Cost FAQs
What is the average cost of installing solar panels in Iowa Colony?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Iowa Colony?
Solar panels aren’t free in Iowa Colony, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will solar panels impact how much my home is worth?
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, which means you can look forward to 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 rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.