Solar Panel Cost Guide in Iola, KS (2024 Update)
- Iola Solar Installation Cost: $17,880
- 25-Year Savings: $25,791
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Iola
Let’s take a look at the average cost of solar panels in Iola.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Iola, the average cost of a solar system is 3 per watt.Using this figure, a typical 7.6-kW system would cost about $17,880 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy usage and what solar installer you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Iola can save around $20,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Iola for a quote for your home.
Solar savings over time in Iola
| Year | Return on Investment |
|---|---|
| 1 years | $-16,544 |
| 3 years | $-13,872 |
| 5 years | $-11,200 |
| 7 years | $-8,528 |
| 9 years | $-5,856 |
| 11 years | $-3,184 |
| 13 years | $-512 |
| 15 years | $2,161 |
| 17 years | $4,833 |
| 19 years | $7,505 |
| 21 years | $10,177 |
| 23 years | $12,849 |
| 25 years | $15,521 |
Top Solar Installers in Iola
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar company can make your switch to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you go with a solar contractor too, which can save you more money after your initial investment.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Iola
Factors that Affect Solar Panel Costs in Iola
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Iola: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,340. The type of solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Iola average.
Solar Financing Terms
Most solar installers in Iola provide solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will influence your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Iola have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $3.47 | $14,589 | $16,523 | 11.7 years |
| 8 kW | $3.41 | $19,078 | $22,405 | 11.5 years |
| 10 kW | $3.34 | $23,380 | $28,473 | 11.3 years |
| 12 kW | $3.27 | $27,495 | $34,729 | 11.0 years |
| 14 kW | $3.21 | $31,423 | $41,172 | 10.8 years |
| 16 kW | $3.14 | $35,164 | $47,802 | 10.6 years |
| 18 kW | $3.07 | $38,717 | $54,619 | 10.4 years |
| 20 kW | $3.01 | $42,084 | $61,623 | 10.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Iola, KS Solar Cost FAQs
What is the average cost of installing solar panels in Iola?
The average cost of solar panels in Iola is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Iola?
You can’t get solar panels for free in Iola. 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.
How will having solar panels impact how much my home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
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 level 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.