Benefits of Solar Energy
Solar energy has several advantages that will enhance your home for years to come.
- Lowered energy bills: You can skip the added cost of grid-tied power by generating some electricity at home.
- Better energy independence: Solar systems with battery backups function through power outages and emergencies, and you won't have to rely on the power grid for your safety and well-being.
- Reduced carbon footprint: Utilizing solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Council Bluffs Homeowners?
Iowa agencies and electric companies offer several solar incentives to help offset your solar system costs. Below is a breakdown of relevant solar programs where you live.
Incentive Type: Property Tax Incentive
100% of value added by renewable system
Incentive Type: Personal Tax CreditWebsite: tax.iowa.gov
50% of Federal ITC (15% for 2019 and earlier, 13% for 2020, 11% for 2021, 5% for 2022, 0% for 2023 and later).
Incentive Type: Property Tax IncentiveWebsite: state.ia.us
Property valued at 0% of the net acquisition cost in the first assessment year, increasing annually by 5 percentage points to a maximum of 30% of the net acquisition cost in the 7th and succeeding years
Incentive Type: Property Tax IncentiveWebsite: iowa.gov
100% exemption for 10 years
Incentive Type: Personal Tax CreditWebsite: tax.iowa.gov
20% of the Federal Tax Credit, equivalent to 6% of the system cost
Incentive Type: Corporate Tax ExemptionWebsite: tax.iowa.gov
100% exemption for self-generators, landfill gas and wind
Reduced rate for large hydro
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Council Bluffs
The more comprehensive your company research is, the better your photovoltaic system will ultimately operate. Make your choice based on the following crucial aspects.
Licensing and Training
In Iowa, anyone making at least $2,000 per year from non-DIY electrical or solar energy work is a contractor and must pursue licensure from the Division of Labor. To install solar photovoltaic systems, a company will need a journeymens' or electrical contractors' license. Solar installers can also obtain certifications from standards organizations and trade groups. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Council Bluffs
Your solar modules' style will affect how much power you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
Additional components, such as battery storage and electric vehicle (EV) chargers, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies offer these optional components, so look for a provider that installs them if it's crucial for you.
You can plan to spend about $20,050 on average for a five-kilowatt solar energy system in Council Bluffs. Use the table in this section to get an idea of the amount Council Bluffs solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Council Bluffs
Choosing the right financing option will impact your overall solar system cost and expected savings. Common payment options include power purchase agreements, loans, leases, and cash payments. We recommend paying with cash or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to cut your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases let you rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each installer you're evaluating about the financing options it offers. A team member can help you determine the best option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Council Bluffs.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own rebates and financing plans that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Council Bluffs
How much money could I save by going solar in Council Bluffs?
Is solar energy easily accessible in Council Bluffs?
Should I expect a boost in my property value after installing solar panels?
What is a Council Bluffs solar panel's average lifespan?
What care do my solar panels need, and how frequently do they need it?
What size should my new Council Bluffs solar system be?
What are the signs I shouldn't use a particular solar company for my job?
- Aggressive sales pitch
- Being evasive about warranties, cost, training and credentials and references
- Inflexible options
- Superficial, rushed site evaluation
- Limited online information
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