Solar Panel Costs in Davenport, IA from $8.6k-$20k | 2024

Solar Panels Cost $8.6k-$20k in Davenport | July 2024

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

In Davenport, an average home needs a 7kW solar system in order cover most of their electricity needs. Given the average residential price-per-watt of $4.12 in Davenport, a 7kW system can cost around $28,840 depending on applicable rebates and other factors.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Davenport: $20,600US Average: $18,169
Average Payback Period The number of years until you break even on the solar investment.
Davenport: 19 yearsUS Average: 11 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Davenport: $666US Average: $14,957

Solar Potential in Davenport

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

Roof size 644sq. ft.
Capacity 9kW DC
Electricity 10.4kkWh AC per yr.

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Average solar panel costs by system size in Davenport

Get the most value out of your roof by comparing the different benefits a given system size has.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $469 a year
Est. Price
$12,360
Savings from a 3kWthis system
  • Est. yearly production 4,210 kWh
  • Est. monthly savings $39
  • Full payback in 26 years
Environmental Impacts
  • Reduces CO2 emissions by 2.14 tons a year
  • Equivalent to planting 98 trees a year
  • Equivalent to driving 5,289 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $626 a year
Est. Price
$16,480
Savings from a 4kWthis system
  • Est. yearly production 5,613 kWh
  • Est. monthly savings $52
  • Full payback in 26 years
Environmental Impacts
  • Reduces CO2 emissions by 2.85 tons a year
  • Equivalent to planting 131 trees a year
  • Equivalent to driving 7,052 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $782 a year
Est. Price
$20,600
Savings from a 5kWthis system
  • Est. yearly production 7,016 kWh
  • Est. monthly savings $65
  • Full payback in 26 years
Environmental Impacts
  • Reduces CO2 emissions by 3.56 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,815 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $939 a year
Est. Price
$24,720
Savings from a 6kWthis system
  • Est. yearly production 8,419 kWh
  • Est. monthly savings $78
  • Full payback in 26 years
Environmental Impacts
  • Reduces CO2 emissions by 4.27 tons a year
  • Equivalent to planting 196 trees a year
  • Equivalent to driving 10,578 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,095 a year
Est. Price
$28,840
Savings from a 7kWthis system
  • Est. yearly production 9,823 kWh
  • Est. monthly savings $89
  • Full payback in 27 years
Environmental Impacts
  • Reduces CO2 emissions by 4.86 tons a year
  • Equivalent to planting 223 trees a year
  • Equivalent to driving 12,038 mi less a year

Davenport Solar Panel Installation Incentives & Rebates | 2024

Davenport has 5 rebates and tax credits that you may be eligable for. Visit the official links for more details to see if you apply.

Solar incentives in IA

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.

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Davenport Solar Panel Cost FAQs

  • As a general rule, unless there are local limitations, the main limitations to the amount of solar panels you can put on your roof are the available space on your roof, your electricity usage, your providers net metering rules, and the limitations of your house hold electrical system.
  • Based on our research the average price per installed watt is $4.12 in Davenport. This means for a 10kW system you can expect to pay $41,200 though pricing can vary significantly between installers based on the projects requirements.
  • Based on a Zillow research study from 2019, home with solar panels sell for roughly 4.1% more.
  • To generate the most power, solar panels in the United States should face true south as this generally results in the solar panels receiving the most light each day throughout the course of the year. That said, given that energy prices are often variable throughout the day, your installer may recommend you rotate your panels slightly so that the panels will receive more light at the end of the day when energy prices can be more expensive. That said, for most consumers the positioning of solar panels is highly dependent on your home's roof.
  • Based on our continuously updated database of solar installers, we have found 15 verified solar install companies in Davenport

Who are the best solar installers in Davenport?

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

GRNE Solar

Palatine, IL(312) 859-3417

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-07-01