Solar Panels Cost 0k-0k in Hancock County, IA | November, 2024

Solar Panels Cost $0k-$0k in Hancock County, IA | November, 2024

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How much do solar panels cost in Hancock County, IA in 2024?

Solar panel installations in Hancock County, IA in the month of November, 2024 have an average cost of $0 per watt.

Based on this cost per watt, solar panels will cost you approximately $0 per 1000 watts (1 kW) of production capacounty. After receiving the 30% federal tax credit, you will spend approximately $0, in Hancock County, for a 5 kW solar panel install. Note that a more extensive system could be required to ensure your energy requirements are met.

To the left, you can select a county to view the average roof size and the average maximum generation capacity for residential solar on homes in your area. Outlined below are 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.
Hancock County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Hancock County: 0 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Hancock County: $40,181US Average: $16,169

Solar Potential in Hancock County

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

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

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

The average kWh usage for a Hancock County resident is 1,168 monthly, with an average electric bill of 167.42. Smaller residences, such as lofts or apartments, are also covered in the numbers referenced in the prior sentence.

The electricity rate per kWh in Hancock County, IA for November 2024 is on average 14.34¢.

Currently, a 10 kW solar panel system will cost around $0 after incentives.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Hancock County

On the left, you will find a cost breakdown for multiple solar panel system sizes set up in Hancock County. A bigger solar array will naturally cost more, but it will also yield greater electricity savings and more substantial income tax credits.

The solar panel cost calculator, positioned down and to the right, provides a cost and benefit breakdown using an average $167.42 electric bill for Hancock County. To obtain tailored results, alter the $167.42 to match your typical electricity payment.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,251 a year
Est. Price
$0
Savings from a 6kWthis system
  • Est. yearly production 8,933 kWh
  • Est. monthly savings $104
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 0 tons a year
  • Equivalent to planting 0 trees a year
  • Equivalent to driving 0 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,459 a year
Est. Price
$0
Savings from a 7kWthis system
  • Est. yearly production 10,422 kWh
  • Est. monthly savings $122
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 0 tons a year
  • Equivalent to planting 0 trees a year
  • Equivalent to driving 0 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,668 a year
Est. Price
$0
Savings from a 8kWthis system
  • Est. yearly production 11,911 kWh
  • Est. monthly savings $139
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 0 tons a year
  • Equivalent to planting 0 trees a year
  • Equivalent to driving 0 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,876 a year
Est. Price
$0
Savings from a 9kWthis system
  • Est. yearly production 13,400 kWh
  • Est. monthly savings $156
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 0 tons a year
  • Equivalent to planting 0 trees a year
  • Equivalent to driving 0 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,084 a year
Est. Price
$0
Savings from a 10kWthis system
  • Est. yearly production 14,889 kWh
  • Est. monthly savings $167
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 0 tons a year
  • Equivalent to planting 0 trees a year
  • Equivalent to driving 0 mi less a year

Hancock County Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing photovoltaic or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. To see if you qualify, use our REAP Grant eligibility tool.

Nearly all homeowners can benefit from the federal 30% income tax credit for solar panels, which turns installing solar energy a sensible choice in numerous regions of the U.S. Additionally, there are numerous state and local incentives to further encourage the adoption of solar energy.

In Iowa, various utilities and government agencies offer 9 solar rebate and incentive programs.

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.

Waverly Light & Power - Residential Solar Thermal Rebates

Value:Up to $3,500

Residential Waverly Light and Power customers may be entitled to a one-time rebate on new solar water heaters. Rebate awards are contingent upon the property owner obtaining necessary permits from their county and installing the system through a participating contractor. Each address, rather than each homeowner, may only receive one rebate. As funding for the rebate program is limited each year, applications are accepted on a first-come, first-served basis. Interested customers may apply or find more information on the WL&P 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.

Waverly Light & Power - Residential Energy Efficiency Rebates

Value:Varies

Residential Waverly Light and Power customers may be entitled to a variety of rebates on energy efficient projects and equipment. Qualifying projects and programs change from time to time. Current offers include rebates on water heaters, heat pumps, insulation, central HVAC, and some home appliances. Some weatherization projects may be completed at no expense to the homeowner. Additional information is available through the WL&P website.

City of Dubuque - Solar Thermal Licensing Requirement

Value:Varies

Solar contractors intending to install a thermal system on Dubuque property must obtain a specialized license from the city in addition to state contracting licenses, journeymen's permits, or applicable municipal building permits. PV systems do not need a Dubuque license. The simplest qualification for most contractors is a minimum NABCEP Solar Thermal certification. Alternatively, installation workers may complete vocational education from Northeast IA Community College. Additional information is available on the Dubuque city 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.

Ames Electric Department - Residential Energy Efficiency Rebate Programs

Value:Varies

Ames residents looking to make energy efficiency improvements or install renewable energy equipment may be entitled to a variety of financial incentives from the city's municipal utility. Qualifying projects and programs will vary over time. Current rebate offers include central HVAC with load control and ENERGY STAR certified home appliances. An additional program incentivizes new home construction that considers ENERGY STAR building standards. Interested homeowners may schedule a free in-home energy efficiency audit with an Ames Electric Services representative. At the time of the audit, the representative may provide equipment to immediately improve home efficiency, including LED bulbs or pipe insulation. Additional information is available from the Ames city 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 Hancock County, IA?

If you expect living in your home longer than the solar system's payback period, adding solar panels is an clear decision in Hancock County. If you install a 5 kW solar system in Hancock County, IA, you might save $40,180.8 over 20 years on average, with a break even point at around 0 years.

The cost of not having solar panels in Hancock County, IA

In addition to forgoing the savings, the absence of solar panels or another backup energy source leads to full dependence on your electric utility for your power needs. Complete reliance on your utility provider is not always ideal, as recent examples in the news have demonstrated.

The average number of outages per customer per year for utilities in Iowa has been 0.65 recently. The average duration of each outage is 58.71 minutes. During severe events like wildlife damage, equipment failure or heavy rain and flooding, these times can grow significantly longer.

Take a look at the graphic below to see the number of current electricity customers without power in Hancock County.

A solar panel system, regardless of whether it includes a backup battery or not, could lessen the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Hancock County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Hancock County, IA?

Your Energy Needs - Larger solar panel systems come with a greater upfront cost, but the price per watt is decreased. Setting up a solar panel system that can cover the electric bill is advantageous to consumers because of the savings gained.

Make & Model - Just like any other product, solar panels and mounting equipment are offered in a range of makes and models. Because the installer you choose might have particular system preferences, selecting a reputable installer is even more important. The selection of superior makes and models can greatly better the long-term experience for buyers.

Solar Panel Type - There's a good reason why monocrystalline panels are now considered the industry standard. Despite the higher price tag, these panels generate greater energy output. The majority of installation experts use panels constructed from this material.

Your Property - No two properties or homes are the same. Trees, irregular terrain, or additional hurdles can make the installation process more challenging. Today, many solar installers can assess your home with satellite images and factor in these considerations in the initial cost estimate.

Labor Rates - Companies pay varied wages to their employees, and these costs are inevitably passed on to the consumers. Businesses paying higher wages typically receive better reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Reputable local installers will include these figures in your initial estimates to ensure transparency.

See what solar panels cost in other Hancock County cities

    Go Solar for less than your cell phone bill.

    Who are the best solar installers in Hancock County?

    All Energy Solar

    St. Paul, MN(800) 620-3370

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Consulting on all things solar related.

    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.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • 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.

    Olson Solar Energy

    Onalaska, WI(608) 780-2347

    Services

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

    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.
    • Consulting on all things solar related.

    Hancock County, IA Solar Panel Cost FAQs

    • In November, 2024, the average cost of solar panels per watt in Hancock County, IA is $0/W. In Hancock County, IA, installing a 5 kW solar panel system will set you back approximately $0 after federal tax incentives.

    • Currently, Iowa residents can benefit from 9 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

    • Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are cost-effective. Financing details are often provided by installers and may be included in your initial quotes.

    • Yes, solar panels systems of 5 kW in Hancock County, IA typically have a payback period of 0years, with expected savings on electricity costs of $40,180.8 over 20 years.
    King Manalo
    Last Reviewed By: King Manalo
    Published: 2024-11-02