Solar Panels Cost 8.2k-19k in Sioux City, IA | August, 2024

Solar Panels Cost $8.2k-$19k in Sioux City, IA | August, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Sioux City, IA in 2024?

For solar systems in Sioux City, IA, the price per watt in August, 2024 is around $3.94/W.

Put another way, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,940 to get your system installed in . Subtracting the 30% federal tax credit, a 5 kW solar installation in Sioux City typically costs $13,790. It's worth noting that a larger system may be necessary to fully meet your energy requirements.

To the left, you can choose your county to view the average roof size and the maximum capacity of solar panel systems for houses in your area. Find below a detailed overview of the {price|costs, 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.
Sioux City: $13,790US Average: $12,634
Average Payback Period The number of years until you break even on the solar investment.
Sioux City: 12 yearsUS Average: 8 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Sioux City: $2,418US Average: $15,248

Solar Potential in Sioux City

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

Roof size 501sq. ft.
Capacity 7kW DC
Electricity 8.3kkWh AC per yr.

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

The average electricity bill in Sioux City, for a usage of 819 kWh per month, is $92.16. Smaller homes, such as micro-apartments, are also included in the data mentioned in the previous sentence.

As of August 2024, the mean rate for electricity per kWh in Sioux City, IA amounts to 11.25¢.

The average electricity user in Sioux City will require a 7 kW or more solar setup to account for their full electricity requirements. Upfront, a 7 kW solar panel installation is priced at around $27,580, with a 30% tax credit, the total comes down to $19,306.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Sioux City

Shown below and to the left, you can find a detailed pricing structure for multiple solar panel system sizes installed in Sioux City. With larger solar systems, the price increases, but so do the electricity savings and the income tax credits you can gain.

The solar panel calculator, positioned to the right and below, provides a detailed cost and benefit analysis based on a typical $92.16 electric bill for Sioux City. For personalized results, adjust the $92.16 to what your average electricity bill is.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $486 a year
Est. Price
$8,274
Savings from a 3kWthis system
  • Est. yearly production 4,416 kWh
  • Est. monthly savings $40
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.09 tons a year
  • Equivalent to planting 96 trees a year
  • Equivalent to driving 5,174 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $648 a year
Est. Price
$11,032
Savings from a 4kWthis system
  • Est. yearly production 5,888 kWh
  • Est. monthly savings $54
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.79 tons a year
  • Equivalent to planting 128 trees a year
  • Equivalent to driving 6,898 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $810 a year
Est. Price
$13,790
Savings from a 5kWthis system
  • Est. yearly production 7,359 kWh
  • Est. monthly savings $67
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.48 tons a year
  • Equivalent to planting 160 trees a year
  • Equivalent to driving 8,623 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $971 a year
Est. Price
$16,548
Savings from a 6kWthis system
  • Est. yearly production 8,831 kWh
  • Est. monthly savings $81
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 4.18 tons a year
  • Equivalent to planting 192 trees a year
  • Equivalent to driving 10,347 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,133 a year
Est. Price
$19,306
Savings from a 7kWthis system
  • Est. yearly production 10,303 kWh
  • Est. monthly savings $92
  • Full payback in 17 years
Environmental Impacts
  • Reduces CO2 emissions by 4.75 tons a year
  • Equivalent to planting 218 trees a year
  • Equivalent to driving 11,759 mi less a year

Sioux City Solar Panel Installation Incentives & Rebates | 2024

Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar energy or wind energy systems. Think you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is available to most people, making solar a practical option in various states. A multitude of state and local programs are in place to encourage the use of solar energy.

Iowa residents have access to 5 solar rebate and incentive initiatives from multiple utilities and governmental organizations.

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 expect to own your residence longer than the solar system's payback period, solar panels are a good investment in Sioux City. If you install a 5 kW solar system in Sioux City, IA, you might save $8,328.4 over 20 years on average, with a break even point at roughly 12 years.

The cost of not having solar panels in Sioux City, IA

Opting not to install solar panels or a separate backup energy solution results in you missing out on the savings noted earlier and makes you fully reliant on your electric utility for electricity. As we've seen in numerous recent news reports, complete reliance on your utility is not always ideal.

Recently, utilities in Sioux City have averaged an average of 0.92 outages per customer annually. On average, an outage lasts 94.9 minutes. When major events such as aging infrastructure, tornadoes or construction accidents occur, these durations can increase significantly

Whether featuring a backup battery or not, a solar panel system can help alleviate the stress of possible future outages.

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Sioux City, IA?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is reduced as the system size grows. Many consumers realize it's a good idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them reduce costs.

Make & Model - Solar panels and mounting equipment are available in a range of makes and models. It's important to choose a highly rated contractor, considering the brand preferences that contractors may have. Buyers often find that using better quality equipment leads to a more satisfactory long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and for good reason. Although they are pricier, they provide increased energy. The majority of installers utilize panels made from this material.

Your Property - Each property and home presents unique challenges. Irregular terrain, trees, or other obstructions may complicate the installation process. These days, the majority of solar installers can assess your home with satellite images and incorporate these considerations in the first cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately borne by consumers. It is often observed that businesses with higher wages garner superior reviews for their work and customer service.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which differ by area. Quality local installers will incorporate these figures into your preliminary estimates to avoid any surprises.

Go Solar for less than your cell phone bill.

Who are the best solar installers in Sioux City?

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.

Sioux City, IA Solar Panel Cost FAQs

  • As recorded in August, 2024, the standard cost for solar panel installations in Sioux City, IA is $3.94/W. With the federal tax credit, the cost of a 5 kW solar panel system in Sioux City, IA drops to roughly $13,790.

  • There are 5 rebates and incentives available in Iowa from a range of utility providers and government organizations. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • Paying cash offers the most savings, but there are now numerous financing options for solar panels that are also cost-effective. Information about financing options is typically detailed in initial quotes provided by installers.

  • Yes, in Sioux City, IA, 5 kW solar panel systems typically pay off in 12 years, and users save around $8,328.4 in electricity costs over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-08-15