Benefits of Solar Energy
Solar energy provides several advantages that will enhance your home for years to come.
- Smaller power bills: Producing some or all of your own energy will spend less on electricity long-term. Plus, some states provide net metering programs that enable you to sell your unused energy back to the grid, generating extra credits toward your energy bill.
- Better energy independence: Solar energy can keep your home powered through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
- Reduced carbon footprint: Embracing solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Council Bluffs Homeowners?
Iowa homeowners who go solar could qualify for special financing, rebates, reimbursements and tax credits. Here are just a few of the region's incentive programs.
Incentive Type: Property Tax Incentive
Incentive Amount:
100% of value added by renewable system
Incentive Type: Sales Tax Incentive
Website: tax.iowa.govIncentive Amount:
100% of sales tax
Incentive Type: Personal Tax Credit
Website: tax.iowa.govIncentive Amount:
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 Incentive
Website: state.ia.usIncentive Amount:
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 Incentive
Website: iowa.govIncentive Amount:
100% exemption for 10 years
Incentive Type: Personal Tax Credit
Website: tax.iowa.govIncentive Amount:
20% of the Federal Tax Credit, equivalent to 6% of the system cost
Incentive Type: Corporate Tax Exemption
Website: tax.iowa.govIncentive Amount:
100% exemption for self-generators, landfill gas and wind
Reduced rate for large hydro
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
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
Choosing a company is the first step toward an effective and valuable solar energy system. Here are some essential aspects to consider while shopping for a solar specialist.
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 PV systems, a company will need an electrical contractors' or journeymens' license. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Council Bluffs
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you'd like to charge an electric vehicle (EV) or use your solar power in inclement weather, you can pay extra for accessories. By choosing the right components, you can make your panel array more effective and convenient to use. Not every solar company provides these add-ons, so look for a provider that installs them if it's essential for you.
Generally speaking, it costs about $20,050 for a five-kilowatt solar array in Council Bluffs. This table shows more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,106 |
Solar Polycrystalline | $862 |
Thin-Film | $504 |
Solar Battery | $708 |
Solar Home EV Charger | $2,654 |
Financing Solar Energy in Council Bluffs
Solar providers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, solar loans, power purchase agreements (PPAs) and cash payments. Though it requires a large up-front payment, cash is the most affordable choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in specific circumstances. We advise working with an installer that offers multiple financing options. Ask each consultant about what's available, and acquire more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Council Bluffs.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. City and state officials and utility companies might also offer rebates, discounts, and specialized financing options that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.1 years |
2 kW | 4.3 years |
5 kW | 10.6 years |
10 kW | 21.3 years |
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Frequently Asked Questions About Solar in Council Bluffs
How much energy and money could I save per year by switching to solar?
How popular is solar energy in Council Bluffs?
Should I expect a boost in my property value after adopting solar power?
How long will a typical solar system last?
What upkeep do my solar panels need, and how frequently do they need it?
What's the average solar system size in Council Bluffs?
What are some "red flags" to watch for as I research companies?
- Aggressive sales pitch
- Dodging questions about credentials and training, cost, references and warranties
- "One-size-fits-all" approach
- Rushing through the site assessment
- Limited online information
How many estimates should I get before making a final solar company decision?
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