Solar Panels Cost $0k-$0k in Montgomery County, IA | November, 2024
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How much do solar panels cost in Montgomery County, IA in 2024?
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It averages out to $0 per watt in the month of November, 2024 in Montgomery County, IA to get solar panels.
So, for every 1000 watts (or 1 Kw) your system can generate you will spend $0 to get your system installed in . After applying the 30% federal tax credit, a 5 kW solar panel system in Montgomery County generally costs $0. Be aware that a more powerful system could be required to fulfill your energy requirements.
To the left, you have the option to select your county and find the typical roof size along with the average maximum capacity for solar panels in homes in your area. You can review the price, payback period, and 20-year average savings for a 5 kW system installed in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Montgomery County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Montgomery 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.
Montgomery County: $26,395US Average: $16,169
Solar Potential in Montgomery County
Estimated system size and solar electricity production per median viable roof in Montgomery County.
Roof size 661sq. ft.
Capacity 9.25kW DC
Electricity 10.9kkWh AC per yr.
Electricity Costs in Montgomery County, IA & What that Means for Your Solar Panel Pricing
Montgomery County's average monthly electric bill is 109.98, with consumers using an average of 895 kWh. This number also reflects data from apartments and smaller homes with less energy needs.
In November 2024, the mean electricity rate in Montgomery County, IA amounts to 12.29¢ per kWh.
Currently, an 8 kW setup costs around $0 after incentives.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Montgomery County
To the left and below, you can find a detailed price breakdown for different solar panel system sizes set up in Montgomery County. The investment for a larger solar panel setup is larger, but it also provides greater electricity savings and increased income tax credits.
The solar panel cost calculator below and to the right breaks down costs and benefits, considering an average $109.98 electric bill in Montgomery County To get results more customized, modify the $109.98 to align with your regular electricity bill.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $715 a year
Est. Price
$0
Savings from a 4kWthis system
Est. yearly production 5,955 kWh
Est. monthly savings $60
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 2.31 tons a year
Equivalent to planting 106 trees a year
Equivalent to driving 5,707 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $893 a year
Est. Price
$0
Savings from a 5kWthis system
Est. yearly production 7,444 kWh
Est. monthly savings $74
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 2.88 tons a year
Equivalent to planting 132 trees a year
Equivalent to driving 7,133 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,072 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,933 kWh
Est. monthly savings $89
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 3.46 tons a year
Equivalent to planting 159 trees a year
Equivalent to driving 8,560 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,251 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,422 kWh
Est. monthly savings $104
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.03 tons a year
Equivalent to planting 185 trees a year
Equivalent to driving 9,987 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,429 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,911 kWh
Est. monthly savings $110
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.26 tons a year
Equivalent to planting 196 trees a year
Equivalent to driving 10,540 mi less a year
Montgomery County Solar Panel Installation Incentives & Rebates | 2024
Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their photovoltaic or wind energy installation expenses. Think you fall into this category? Confirm your qualification with our REAP Grant eligibility tool.
A 30% federal tax credit is available to most homeowners for residential solar installations, which helps make solar energy a sensible choice in various regions in the United States. Moreover, there are a number of state and local efforts designed to further promote the uptake of solar energy.
Multiple utilities and governmental organizations in Iowa offer 9 solar rebate and incentive programs.
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.
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 Montgomery County, IA?
If you expect living in your home longer than the solar system's payback period, installing solar panels is an clear decision in Montgomery County. Installing a 5 kW solar system in Montgomery County, IA will, on average, save you $26,395.2 over 20 years, and you can expect to break even in about 0 years.
The cost of not having solar panels in Montgomery County, IA
The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Complete reliance on your utility provider is not always ideal, as recent examples in the news have shown.
On average, customers in Montgomery County have faced 0.9 utility outages per year over the past few years. Typically, outages have an average duration of 93.12 minutes. However, during significant events such as thunderstorms, construction accidents, or equipment failure, these times can drastically increase.
Take a look at the component below to see the number of current electricity customers without power in Montgomery County.
A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might experience.
Power Outages
Currently, 0 customers are being tracked in Montgomery County.
What impacts the cost of solar panels in Montgomery County, IA?
Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt decreases. For most consumers, setting up a system that can produce enough power to eliminate their entire electric bill is advantageous, providing significant savings.
Make & Model - Solar panels, like many other products, are offered in various makes and models. Your installer’s system preferences might necessitate selecting a highly rated installer. The selection of superior materials can substantially better the long-term experience for buyers.
Solar Panel Type - There's a good reason why monocrystalline panels are now considered the industry standard. Although they are more expensive, they provide increased energy. Many installers use panels constructed of this material.
Your Property - Each property and home is one of a kind. Trees, sloped land, or other barriers can increase the difficulty of installing solar panels. Most solar installers nowadays leverage satellite imagery to evaluate your home and integrate these factors into the first cost estimate.
Labor Rates - The varied employee wages paid by companies result in costs that consumers end up paying . Businesses often get higher reviews for their services and customer service when they pay higher wages.
Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will impact your installation cost. Quality installers will factor these costs into your initial quotes to prevent unexpected expenses.
See what solar panels cost in other Montgomery County cities
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Montgomery County, IA Solar Panel Cost FAQs
The cost per watt for solar panels in Montgomery County, IA during November of 2024 averages $0/W. For a 5 kW solar panel system, the total cost in Montgomery County, IA after federal tax credits is around $0.
If you live in Iowa, you can find 9 rebates and incentives through different utilities and government agencies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Although paying in cash offers the most savings, numerous financing options for solar panels now exist that are financially sensible. Many installers will include information about their financing partners in the initial quotes they provide.
Yes, the typical payback time for 5 kW solar panel systems in Montgomery County, IA is 0 years, and the expected electricity cost savings over 20 years is $26,395.2.
Savings from 
Environmental Impacts 
