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Are Solar Panels Worth It In Iowa?

By Stephen Kelly | July 5, 2024 | 4 min read

Iowa is a state known for its vast farmlands, but it also has an abundance of sunlight that makes it an excellent place for solar energy. Despite its reputation as a cold state, Iowa receives an average of 205 sunny days per year, making it an ideal location for solar panel installation. In this article, we will explore why solar panels are worth it in Iowa.

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Savings on Electricity Bills

One of the main benefits of installing solar panels in Iowa is the potential for significant savings on electricity bills. The average Iowa household spends approximately $1,100 per year on electricity. With solar panels, homeowners can generate their own electricity, reducing their dependence on the grid and lowering their electricity bills. In fact, depending on the size of the solar panel system, homeowners can save anywhere from 50-100% on their electricity bills.

Tax Credits and Incentives

Another reason why solar panels are worth it in Iowa is the availability of tax credits and incentives. The federal government offers a tax credit of 26% of the total cost of the solar panel system. Additionally, Iowa offers a state tax credit of up to $5,000 for residential solar panel installations. These tax credits and incentives can significantly reduce the upfront cost of solar panel installation, making it a more affordable option for homeowners.

Increased Property Value

Solar panels can also increase the value of a home in Iowa. According to a study conducted by the Lawrence Berkeley National Laboratory, homes with solar panel systems sold for an average of $15,000 more than homes without solar panels. This increase in property value can offset the initial cost of solar panel installation and provide a return on investment over time.

Environmental Benefits

Beyond the financial benefits, solar panels also have significant environmental benefits. Solar energy is a clean, renewable source of energy that does not produce harmful emissions or contribute to climate change. By installing solar panels, homeowners in Iowa can reduce their carbon footprint and help to protect the environment for future generations.

Reliability and Resilience

Finally, solar panels provide homeowners in Iowa with greater energy reliability and resilience. In times of power outages or emergencies, solar panels can continue to generate electricity and provide power to homes. This can be especially important in rural areas of Iowa, where power outages may last for an extended period of time.

Conclusion

In summary, solar panels are worth it in Iowa due to the potential for significant savings on electricity bills, the availability of tax credits and incentives, the increased property value, the environmental benefits, and the reliability and resilience of solar energy. With the abundance of sunlight in Iowa, homeowners can take advantage of this clean and renewable source of energy to reduce their carbon footprint and save money on their electricity bills.

If you are a homeowner in Iowa, it may be worth considering the installation of solar panels as a long-term investment for your home and the environment.