Free Solar Panels For Your Home Iowa

The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit.

Free solar panels for your home iowa.

Solar panel cost data iowa 2020 updated. You can actually get solar panels installed on your home at absolutely no charge to you. The 30 itc and the 18 state tax credit for solar power immediately take off more than 10 000 from your initial investment which you will see as positive cash flow within one year. Without tax breaks the upfront cost of solar panels is 21 000.

The iowa solar tax credit continues to help homeowners here install solar on their homes for 2020 and beyond. This could increase your solar investment return and reduce your solar payback period such that many iowa falls homeowners who install solar panels now will enjoy 20 years or more of free power after their solar panels have paid themselves off. But the catch is that they require you to enter into a solar lease or power purchasing agreement ppa. But wait that s not all not only can you get solar panels installed for free you also get dramatically reduced monthly electricity bills with fixed rates for as long as 25 years.

The costs and savings for a 5 kw pv system in iowa can be broken down as follows. Solar incentives rebates and tax credits available in iowa in 2020. Solar installers in iowa will be run off their feet in 2020 as the federal tax credit for solar panels for homes reduces at the end of the year. These offers entice people with a no cost way to go solar.

But wait that s not all the free solar panels installed on your home are warrantied monitored and maintained by your solar service provider again at no charge to you for as long as 25 years. Choosing the latter option means your cost savings will be more immediate as all the energy that your solar panels produce from day 1 will be completely free to you. Or you can purchase the solar panels for your home with cash. As of sep 2020 the average cost of solar panels in iowa is 2 53 per watt making a typical 6000 watt 6 kw solar system 11 238 after claiming the 26 federal solar tax credit now available.

Lake panorama iowa this 4 2kw system combined with a wood burning stove led to our first net zero home. You ll start saving money on your electric bill while paying off your solar system. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Yes there are legitimate installers that will put free solar panels for your home.

Alliant likely offers a net metering program that would pay you a good rate for excess solar power you put back into the grid when you are producing more clean energy than what your home needs. Pair that with the 26 federal tax credit and you ve got a compelling investment case for home solar here. It helps provide some cash back in the first year and payback timeframe and return on investment are a little better than average.