Solar Savings Calculator for Iowa City, IA

Homeowners in Iowa City pay an average of $130/month for electricity through MidAmerican Energy. With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.

$130
Avg Monthly Bill
14.8¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$40,217
Est. 25-Year Savings

Calculate Your Savings in Iowa City

Adjust Your Details for Iowa City, IA

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,160
Federal Tax Credit (30%)
-$6,048
Net Cost
$14,112
Annual Savings
$1,560
Payback Period
9 years
25-Year Savings
$40,217
Return on Investment
285%

* Estimates based on 4.2 peak sun hours/day in Iowa City, 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 Iowa City

Utility & Permits

Utility Company
MidAmerican Energy
Permit Cost
$275
Permit Timeline
2-3 weeks
Net Metering
full

System Estimates

Recommended Size
7.2 kW
Panel Count
18 panels
Gross Cost
$20,160
Net Cost (after credits)
$14,112

Available Incentives for Iowa City, 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.

30% of system cost

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