Solar Panel Cost Guide in Mount Vernon, IA (2024 Update)
- Mount Vernon Solar Installation Cost: $27,274
- 25-Year Savings: $28,495
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Mount Vernon
Find out what the average cost of solar panel installation is in Mount Vernon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Vernon, the average cost of solar panels is 4 per watt.The average Mount Vernon homeowner needs a 9.7-kilowatt system, which would cost about $27,274 with the federal tax credit, or $39,002 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs will most likely differ based on factors unique to your home and what company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Mount Vernon can save around $19,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized estimate.
Solar savings over time in Mount Vernon
| Year | Return on Investment |
|---|---|
| 1 years | $-25,558 |
| 3 years | $-22,125 |
| 5 years | $-18,692 |
| 7 years | $-15,259 |
| 9 years | $-11,826 |
| 11 years | $-8,393 |
| 13 years | $-4,960 |
| 15 years | $-1,527 |
| 17 years | $1,906 |
| 19 years | $5,339 |
| 21 years | $8,772 |
| 23 years | $12,205 |
| 25 years | $15,638 |
Top Solar Installers in Mount Vernon
Although it's possible to install solar panels by yourself, it takes extra effort and knowledge. That's why almost all homeowners choose to go with a solar panel installer. Another great thing about going with a top solar installer is that it'll provide warranties and free repairs, which help protect your investment.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Mount Vernon
Factors that Affect Solar Panel Costs in Mount Vernon
For many Mount Vernon homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Mount Vernon, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Mount Vernon, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $4,010 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Mount Vernon, and each can charge varying amounts for labor and equipment.Additionally, some companies in Mount Vernon have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,714 | 15.0 years |
| 8 kW | $4.09 | $22,905 | $16,067 | 14.7 years |
| 10 kW | $4.01 | $28,070 | $20,646 | 14.4 years |
| 12 kW | $3.93 | $33,010 | $25,449 | 14.1 years |
| 14 kW | $3.85 | $37,726 | $30,476 | 13.8 years |
| 16 kW | $3.77 | $42,217 | $35,728 | 13.5 years |
| 18 kW | $3.69 | $46,484 | $41,204 | 13.3 years |
| 20 kW | $3.61 | $50,526 | $46,905 | 13.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you’re concerned about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Review the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
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 Mount Vernon, IA Solar Cost FAQs
How much does it cost to install solar panels in Mount Vernon?
The average cost of solar panels in Mount Vernon is about $20,050 for a 5-kW system and $40,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Mount Vernon?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Mount Vernon have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.