Solar Panels Cost $8.3k-$19k in Bondurant, IA | October, 2024
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How much do solar panels cost in Bondurant, IA in 2024?
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Going solar in the month of October, 2024 in Bondurant, IA costs $3.99/W.
Expect costs to be $3,990, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to generate. We are able to come to this conclusion by using the rate price cost. In Bondurant, the cost of a 5 kW system is generally $13,965, after a 30% federal tax credit. A more powerful system could be needed to ensure your energy requirements are met.
To the left, you have the option to select your county and see the typical roof size along with the average maximum capacity for residential solar in homes in your area. Below is a detailed summary of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Bondurant: $13,965US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Bondurant: 13 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Bondurant: $1,220US Average: $15,784
Solar Potential in Bondurant
Estimated system size and solar electricity production per median viable roof in Bondurant.
Roof size 661sq. ft.
Capacity 9.25kW DC
Electricity 10.9kkWh AC per yr.
Electricity Costs in Bondurant, IA & What that Means for Your Solar Panel Pricing
The typical energy consumer in Bondurant has a monthly electric bill of $88.21 and uses 795 kWh on average. Compact apartments are also encompassed in the numbers noted in the prior sentence. The lower energy use in these types of dwellings impacts those averages.
As of October 2024, the average rate for electricity per kWh in Bondurant, IA is 11.09¢.
In Bondurant, average users has to have a system size of 7 kW or greater to fully take care of all of their energy usage requirements. Before incentives, a 7 kW solar system is around $27,930, with the federal tax credit returning 30% of your investment amount, reducing the price to $19,551.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Bondurant
To the left and below, you can find a detailed pricing breakdown for various solar panel system sizes installed in Bondurant. While a larger solar installation does come with a higher price tag, it also offers increased electricity savings and larger income tax credits.
Check a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $88.21 in Bondurant. Modify the $88.21 to your usual electricity bill payment for customized results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $491 a year
Est. Price
$8,379
Savings from a 3kWthis system
Est. yearly production 4,467 kWh
Est. monthly savings $41
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 2.11 tons a year
Equivalent to planting 97 trees a year
Equivalent to driving 5,234 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $655 a year
Est. Price
$11,172
Savings from a 4kWthis system
Est. yearly production 5,955 kWh
Est. monthly savings $55
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 2.82 tons a year
Equivalent to planting 129 trees a year
Equivalent to driving 6,978 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $819 a year
Est. Price
$13,965
Savings from a 5kWthis system
Est. yearly production 7,444 kWh
Est. monthly savings $68
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 3.52 tons a year
Equivalent to planting 162 trees a year
Equivalent to driving 8,723 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $983 a year
Est. Price
$16,758
Savings from a 6kWthis system
Est. yearly production 8,933 kWh
Est. monthly savings $82
Full payback in 16 years
Environmental Impacts
Reduces CO2 emissions by 4.23 tons a year
Equivalent to planting 194 trees a year
Equivalent to driving 10,467 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,146 a year
Est. Price
$19,551
Savings from a 7kWthis system
Est. yearly production 10,422 kWh
Est. monthly savings $88
Full payback in 18 years
Environmental Impacts
Reduces CO2 emissions by 4.54 tons a year
Equivalent to planting 209 trees a year
Equivalent to driving 11,249 mi less a year
Bondurant Solar Panel Installation Incentives & Rebates | 2024
For rural farms and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing solar or wind energy systems. Curious if you fit this category? Confirm your eligibility with our REAP Grant eligibility tool.
Nearly all residents are eligible for the 30% federal income tax credit for residential solar, which makes it a practical option in many states in the country. In addition to the federal incentives, state and local programs also aim to boost solar energy uptake.
Iowa provides 5 solar rebates and incentives from multiple utility companies and government organizations.
Solar incentives in IAIncentive Description Value
Solar Energy Systems Tax Credit (Personal)
Value:Up to $5,000
Iowa residents who purchase and use solar energy devices may be entitled to an individual tax credit in place of the Iowa Production Tax Credit. The total credit a taxpayer may claim equals 50% of the equivalent federal credit up to $5,000. The Department of Revenue will carry over excess credits for a maximum of ten years. Applicants should submit paperwork for this credit only after the system is installed and operational. Credits are offered on a first-come, first-served basis. Additional information is available from the Iowa Department of Revenue website.
Solar Energy Systems Tax Credit (Corporate)
Value:Up to $20,000
Iowa businesses that purchase and use solar energy devices may be entitled to a corporate tax credit in place of the Iowa Production Tax Credit. The total credit a commercial entity may claim equals 50% of the equivalent federal credit up to $20,000. The Department of Revenue will carry over excess credits for a maximum of ten years. Applicants should submit paperwork for this credit only after the system is installed and operational. Credits are offered on a first-come, first-served basis. Additional information is available from the Iowa Department of Revenue website.
Mandatory Utility Green Power Option
Value:Varies
By Iowa law, all electric utilities operating within the state must offer green or renewable energy options when customers request a line extension or first connect to the electrical grid. The Iowa Utilities Board (IUB) keeps track of each utility's options and distributed energy tariff programs. Additional information is available from the IUB website.
IADG Energy Bank Revolving Loan Program
Value:Varies
The Iowa Area Development Group, together with the Iowa Economic Development Authority, manages a revolving loan fund for businesses within the state to install renewable energy systems or make energy efficiency improvements. Loans are available at no interest and will be serviced by IADG or one of the fund's lending partners. Projects funded by these loans should be geared toward cost-efficacy and productivity for the business and job creation for the state. Additional information is available from the IADG website.
Renewable Energy Equipment Exemption
Value:Varies
Solar PV, hydro, and wind energy devices in Iowa are exempt from state sales tax. All solar and hydro system equipment qualifies by default; for wind systems, system, manufacturing, and installation costs are all exempt. Additional information is available from the Iowa Department of Revenue website.
Are solar panels worth it in Iowa?
If you foresee living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Bondurant. By installing a 5 kW solar system in Bondurant, IA, you can expect to save approximately $7,205.4 over 20 years, with the break even point typically being 13 years.
The cost of not having solar panels in Bondurant, IA
Failing to have solar panels or an alternative backup energy results in missing the savings mentioned earlier and being completely reliant on your electric utility for electricity. Numerous recent examples in the news have highlighted that complete reliance on your utility company is not always the best option.
In recent times, utilities in Bondurant have recorded an average of 0.93 outages per customer annually. Typically, outages have an average duration of 95.6 minutes. However, during significant events such as thunderstorms, wildlife damage, or grid management errors, these times can drastically increase.
A solar panel system, whether or not it has a backup battery, could reduce the impact of future outages you might experience.
Power Outages
Currently, 0 customers are being tracked in Polk County.
What impacts the cost of solar panels in Bondurant, IA?
Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is lowered as the system size grows. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is useful, providing significant savings.
Make & Model - Solar panels, like many other products, are available in various makes and models. Your contractor’s potential brand preferences make it crucial to choose a reputable contractor. For buyers desiring a more favorable long-term experience, investing in superior quality makes and models is critical.
Solar Panel Type - The standard in the industry is now monocrystalline panels, and justifiably so. These panels have a higher cost but yield more energy. The majority of installers in the industry work with panels constructed of this material.
Your Property - Trees, uneven landscapes, or other obstacles can increase the complexity of the installation. These days, solar installers can leverage satellite images to assess your home and factor in these factors into the first cost estimate.
Labor Rates - Companies compensate their employees in varying amounts, and these costs are borne by consumers. Companies that invest in higher wages often see higher reviews for their work and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which vary by region, will influence your final installation cost. Reliable local installers will build these figures into your preliminary estimates to prevent any surprises.
Expertise in consulting on advantageous financing for solar.
Reparation of solar arrays.
Bondurant, IA Solar Panel Cost FAQs
The cost per watt for solar panels in Bondurant, IA during October of 2024 averages $3.99/W. After federal tax credits, the installation of a 5 kW solar panel system in Bondurant, IA is estimated to cost $13,965.
Currently, Iowa residents can benefit from 5 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.
Even though cash payments yield the greatest savings, several financing options for solar panels today are also financially beneficial. Information about financing options is typically included in initial quotes provided by installers.
Yes, in Bondurant, IA, 5 kW solar panel systems typically pay off in 13 years, and users save around $7,205.4 in electricity costs over 20 years.
Savings from 
Environmental Impacts 
