Solar Panel Cost Guide in Davenport, IA (2024 Update)
- Davenport Solar Installation Cost: $27,096
- 25-Year Savings: $22,947
- Payback Period: 16.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated February 03, 2024
Why you can trust EcoWatch
Average Cost of Solar Panels in Davenport
Find out what the average cost of a solar system is in Davenport.
The average cost of solar panels in Davenport is 4 per watt.Because a 9.7-kW system is needed to cover the energy usage of a typical home in Davenport, the average price of going solar will be about $27,096 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what company you go with.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Davenport see about $16,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Davenport that can help you get a more accurate cost estimate for your home.
Solar savings over time in Davenport
Year | Return on Investment |
---|---|
1 years | $-25,956 |
3 years | $-23,676 |
5 years | $-21,396 |
7 years | $-19,116 |
9 years | $-16,836 |
11 years | $-14,556 |
13 years | $-12,276 |
15 years | $-9,996 |
17 years | $-7,717 |
19 years | $-5,437 |
21 years | $-3,157 |
23 years | $-877 |
25 years | $1,403 |
Top Solar Installers in Davenport
Installing solar panels by yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Another upside of going with a solar installer is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Davenport
Factors that Affect Solar Panel Costs in Davenport
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Davenport: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,010. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Davenport average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence how much you pay. Davenport’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $4.17 | $17,516 | $8,381 | 16.9 years |
8 kW | $4.09 | $22,905 | $11,624 | 16.6 years |
10 kW | $4.01 | $28,070 | $15,091 | 16.3 years |
12 kW | $3.93 | $33,010 | $18,783 | 15.9 years |
14 kW | $3.85 | $37,726 | $22,700 | 15.6 years |
16 kW | $3.77 | $42,217 | $26,841 | 15.3 years |
18 kW | $3.69 | $46,484 | $31,207 | 15.0 years |
20 kW | $3.61 | $50,526 | $35,797 | 14.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Davenport, IA Solar Cost FAQs
How much does it cost to install solar panels in Davenport?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $20,050 for a 5-kW system and $40,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Davenport?
You can’t get solar panels for free in Davenport. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Davenport is currently $167,796, so you can expect a value of about $6,880 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Davenport is a rewarding investment.
How long do solar panels last in Davenport?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.