Are solar panels worth it?
EnergySage Intel's latest Solar & Storage Marketplace Report Pv Solar
How much do solar panels cost?
You'll pay an average of $15,456 to install a 5 kilowatt solar panel system in Black Hawk County, IA, before incentives.
The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.
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As of May 2024, the average solar panel system costs $3.09/W including installation in Black Hawk County, IA. For a 5 kW installation, this comes out to about $15,456 before incentives, though prices range from $13,138 to $17,774. After the federal tax credit, the average price drops by 30%.
You'll probably pay even less than what we show here. It doesn't include the federal ITC or Black Hawk County, IA state incentives, which will lower this price by at least a few thousand dollars.
It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.
While a 5 kW system will only cost you $15,456 in Black Hawk County, IA, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.
Solar panels are worth it in most areas, including Black Hawk County, IA. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S.
If you pay for your system with cash, you'll save about $8,508 over 20 years on electricity costs with a 5 kW system in Black Hawk County, IA. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.
If you can't shell out $15,456 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.
The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:
Solar Gel Battery If you're looking for solar companies in IA, here are some popular suggestions: