In 2022, nearly two-thirds of Iowa’s electricity was generated from renewable resources, although solar energy made up only a small fraction of that. Despite this, solar panels can still provide homeowners with independence from rising electricity costs and even keep appliances running during power outages.
While the upfront cost of solar panels can be high, a federal tax credit and state incentives are making them more affordable for Iowa residents. The state also offers net metering policies, allowing homeowners to earn credits on their utility bills for excess energy sent back to the grid, as well as sales and property tax exemptions for solar panels.
When considering solar installation companies in Iowa, national options like SunPower and Tesla Solar offer top-of-the-line panels and more affordable options, respectively. Local companies such as Eagle Point Solar and Energy Consultants Group also provide quality installation services and warranties for Iowa residents.
Before choosing a solar company, it’s important to gather quotes from multiple companies and consider factors such as price, reputation, and warranties. The average cost of a solar panel system in Iowa is around $32,080 before tax credits, with an average system size of 8 kW.
Incentives such as the federal clean energy credit and state programs like net metering and property tax exemptions can further reduce the cost of solar for Iowa residents. Different financing options, including cash payments, solar loans, leases, and power purchase agreements, offer flexibility for homeowners looking to invest in solar energy.
Factors like insurance coverage, shading around the property, and roof condition should also be considered before installing solar panels. Overall, going solar in Iowa can offer long-term savings and environmental benefits for homeowners willing to make the investment.