Benefits of Solar Energy
Solar energy offers numerous advantages that will enhance your home for years to come.
- Better energy independence: Solar systems with battery backups operate through blackouts and emergencies, and you won't have to depend on the power grid for your safety and well-being.
- Lowered energy bills: You can skip the added cost of grid-tied power by generating some electricity at home.
- 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 Des Moines Homeowners?
Governments and utility companies often reward homeowners for embracing solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
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 Des Moines
Choosing a company is the first step toward an effective and cost-efficient solar system. Here are some crucial criteria to bear in mind while shopping for a solar company.
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 a journeymens' or electrical contractors' license. You should also visit a company's website to learn about its private credentials. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Des Moines
Your solar panels' style will affect how much electricity you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar contractors include these extras, so look for a contractor that installs them if it's crucial for you.
If you're a resident of Des Moines and are considering getting a five-kilowatt solar energy system, you could plan to spend about $20,050 for materials and labor. Find more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Des Moines
Choosing the best financing plan will influence your overall solar system cost and expected savings. Common payment options include power purchase agreements, cash payments, loans, and leases. Though it requires a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up 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 involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate determined by the energy you use, similar to an electric bill. We typically don’t recommend these two options because you won't own the solar system and cannot use solar incentives. Look for installers that offer several payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in Des Moines.
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 financing plans and rebates 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 Des Moines
How much money could I save by going solar in Des Moines?
Is solar energy easily accessible in Des Moines?
Should I expect a boost in my property value after going solar?
Could I still use solar power if I live in a dark, wooded, or rainy area?
What can I do to calculate my home's solar viability?
How long is a Des Moines solar panel's average lifespan?
How can I enhance my solar array's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
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