Solar Savings Calculator for Davenport, IA
Homeowners in Davenport pay an average of $125/month for electricity through MidAmerican Energy. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.
$125
Avg Monthly Bill
14.2¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$38,911
Est. 25-Year Savings
Calculate Your Savings in Davenport
Adjust Your Details for Davenport, IA
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,040
Federal Tax Credit (30%)
-$5,712
Net Cost
$13,328
Annual Savings
$1,500
Payback Period
8.9 years
25-Year Savings
$38,911
Return on Investment
292%
* Estimates based on 4.3 peak sun hours/day in Davenport, IA, system cost of $2.8/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Davenport
Utility & Permits
- Utility Company
- MidAmerican Energy
- Permit Cost
- $250
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.8 kW
- Panel Count
- 17 panels
- Gross Cost
- $19,040
- Net Cost (after credits)
- $13,328
Available Incentives for Davenport, IA
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Other Cities in Iowa
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