Benefits of Solar Energy
Solar energy offers multiple advantages that will enhance your home for years to come.
- Reduced carbon footprint: Adopting solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
- Smaller power bills: Producing some or all of your own electricity will cut power costs long-term. Plus, some states offer net metering programs that allow you to sell your unused energy back to the grid, generating additional credits toward your energy bill.
- Better energy independence: Adding a solar battery storage system lets you have trustworthy energy during storms and grid outages.
What Solar Incentives Are Available to Dubuque Homeowners?
Iowa's public agencies and power companies offer a number of solar incentives to help reduce your solar system costs. Here's a breakdown of applicable solar programs where you live.
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: Rebate Program
Website: alliantenergy.comIncentive Amount:
Advanced Power Strips: up to $20
Air Source Heat Pump: $300-$800 for existing homes, $180-$480 for new homes
Appliance Recycling: up to $50
Central A/C: $150-$600 for existing homes, $90-$360 for new homes
Ductless Mini-Split Heat Pump: Varies
Electric Heat Pump Water Heater: $300-$350 for existing homes, $180-$210 for new homes
Electric HVAC System Tune-Up: up to $50
Gas Furnace: $180 for existing homes, $80 for new homes
Geothermal Heat Pump: $1,320-$1,750 for existing homes, $790-$1,050 for new homes
Learning Thermostat: $100 for existing homes, $60 for new homes
LED Light Bulbs: In-Store Rebates
Online Home Energy Assessment: FREE
Room Air Purifier: up to $30
Variable Speed Pool Pumps: up to $220
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 Dubuque
Choosing a company is the first step toward a well-oiled and cost-efficient solar array. Make your choice based on the following essential elements.
Licensing and Training
In Iowa, anyone making at least $2,000 annually from non-DIY solar or electrical 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. Solar providers can also earn accreditations from trade groups and standards organizations. 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 Dubuque
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 provide a lower price point but produce less power. 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.
Additional components, such as electric vehicle (EV) chargers and battery storage, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar provider provides these extras, so look for a provider that installs them if it's crucial for you.
You can expect to pay about $20,050 on average for a five-kilowatt solar energy system in Dubuque. Check the table in this section to get an idea of the amount Dubuque solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,104 |
Solar Polycrystalline | $861 |
Thin-Film | $504 |
Solar Battery | $707 |
Solar Home EV Charger | $2,650 |
Financing Solar Energy in Dubuque
Solar installers 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 loans, power purchase agreements (PPAs), cash payments and solar leases. We suggest paying with cash or securing 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 have full ownership of your system and can apply for solar panel incentives to minimize 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 enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a fluctuating 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 suitable in certain circumstances. Ask each provider you're evaluating about the payment plans it offers. A salesperson can help you determine the optimal option for your financial situation.
The table below lists the average payback periods for different capacities of solar systems in Dubuque.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Municipal and state governments 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 Dubuque
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Dubuque?
Will solar panels increase my Dubuque home value?
How can I assess my home's solar potential?
How long does the solar installation process require?
What size should my new Dubuque solar system be?
How can I boost my solar system'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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