Solar Panels Cost 5.4k-16k in Centerville, IA | October, 2024

Solar Panels Cost $5.4k-$16k in Centerville, IA | October, 2024

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How much do solar panels cost in Centerville, IA in 2024?

To go solar averages out to $3.89 per watt in October, 2024 in Centerville, IA.

It will cost you $3,890, on average, per 1K (or 1000 watts) your solar system is able to generate. After receiving the 30% federal tax credit, you will pay around $13,615 for a 5 kW panel install in Centerville. Please consider, a 5kW system might not be sufficient to adequately cover your energy consumption.

To your left, you have the option to select your county and view the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see a summary of the price, payback period and 20 year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Centerville: $13,615US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Centerville: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Centerville: $11,812US Average: $15,784

Solar Potential in Centerville

Estimated system size and solar electricity production per median viable roof in
Centerville.

Roof size 661sq. ft.
Capacity 9.25kW DC
Electricity 10.9kkWh AC per yr.

Electricity Costs in Centerville, IA & What that Means for Your Solar Panel Pricing

Energy consumers in Centerville typically pay $130.26 per month for electricity, with a typical monthly usage of722 kWh. This number also reflects data from apartments and smaller homes with reduced energy needs.

Centerville, IA's electricity rate is 18.03¢ per kWh in October 2024.

To meet their full power consumption needs of an average user in Centerville, a solar power system of 6 kW or higher is a must. After incentives, a 6 kW setup costs around $16,338.

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Average solar panel costs by system size in Centerville

On the left side, you'll see a detailed cost breakdown of the various sizes of solar panel systems implemented in Centerville. Even though a more extensive solar installation carries a larger expense, it also provides higher electricity savings and higher income tax credits.

Check a cost benefit analysis in the solar panel cost calculator to the right and below, for an average electric bill of $130.26 in Centerville. Adjust the $130.26 to your typical electricity bill payment for results that fit your situation.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $536 a year
Est. Price
$5,446
Savings from a 2kWthis system
  • Est. yearly production 2,978 kWh
  • Est. monthly savings $45
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 1.56 tons a year
  • Equivalent to planting 72 trees a year
  • Equivalent to driving 3,865 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $804 a year
Est. Price
$8,169
Savings from a 3kWthis system
  • Est. yearly production 4,467 kWh
  • Est. monthly savings $67
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.34 tons a year
  • Equivalent to planting 108 trees a year
  • Equivalent to driving 5,797 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,072 a year
Est. Price
$10,892
Savings from a 4kWthis system
  • Est. yearly production 5,955 kWh
  • Est. monthly savings $89
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.12 tons a year
  • Equivalent to planting 143 trees a year
  • Equivalent to driving 7,730 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,340 a year
Est. Price
$13,615
Savings from a 5kWthis system
  • Est. yearly production 7,444 kWh
  • Est. monthly savings $112
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.9 tons a year
  • Equivalent to planting 179 trees a year
  • Equivalent to driving 9,662 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,608 a year
Est. Price
$16,338
Savings from a 6kWthis system
  • Est. yearly production 8,933 kWh
  • Est. monthly savings $130
  • Full payback in 10 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

Centerville Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. If you think you might qualify, we suggest trying our REAP Grant eligibility tool to check.

For those looking into residential solar, the 30% federal income tax credit is available to most people, which makes solar a feasible option in many states. State and local governments have various programs to promote the switch to solar energy.

Iowa has 5 solar rebate and incentive initiatives offered by various utilities and government agencies.

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're planning to live in your home past the solar system's payback period, solar panels are a wise decision in Centerville. By installing a 5 kW solar system in Centerville, IA, you can expect to save roughly $17,647.4 over 20 years, with the break even point usually being 9 years.

The cost of not having solar panels in Centerville, IA

Failing to have solar panels or an alternative backup energy means missing the savings mentioned earlier and being entirely reliant on your electric utility for electricity. Recent media coverage has demonstrated that complete reliance on your utility is not always ideal.

There are about 0.81 outages per customer annually in Iowa. Usually, outages have an average duration of 63.56 minutes. However, during critical events like wildlife damage, equipment failure or winter storms, these times can extend dramatically.

A solar energy system could help mitigate the effects of future outages, with or without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Appanoose County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Centerville, IA?

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Setting up a solar system that makes sufficient electricity to offset their electric bill is useful to most individuals, resulting in savings.

Make & Model - Solar panels and mounting equipment are offered in a variety of makes and models. Considering the brand preferences that your installer may have, it's crucial to choose a highly rated contractor. To ensure a more favorable long-term experience, buyers should consider higher quality materials.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and it's not hard to see why. These panels have a higher cost but offer a higher energy efficiency. Many installers in the industry use panels constructed of this material.

Your Property - No two properties or homes are the same. Trees, sloped land, or additional considerations can make the installation process more challenging. These days, satellite images allow the majority of solar installers to assess your home and factor in these considerations into the preliminary cost estimate.

Labor Rates - The wages that companies pay their employees are different, and these costs are inevitably shown in consumer prices. Businesses paying more to their employees often get higher reviews for their work and customer service.

Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Quality installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other IA cities

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Who are the best solar installers in Centerville?

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

Centerville, IA Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Centerville, IA is $3.89/W. With the federal tax credit, the cost of a 5 kW solar panel system in Centerville, IA drops to roughly $13,615.

  • If you live in Iowa, you can find 5 rebates and incentives through different utilities and government agencies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • Even though paying cash yields the best savings, there are now numerous financing options for solar panels that are also advantageous. Financing options are frequently available through installers and will be included in your initial quotes.

  • Yes, on average, 5 kW solar panels in Centerville, IA pay for themselves in 9 years, with homeowners saving approximately $17,647.4 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01