Solar Savings Calculator for Sioux City, IA
Homeowners in Sioux City pay an average of $128/month for electricity through MidAmerican Energy. With 4.5 peak sun hours per day, solar panels can significantly reduce your energy costs.
$128
Avg Monthly Bill
14.5¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$40,165
Est. 25-Year Savings
Calculate Your Savings in Sioux City
Adjust Your Details for Sioux City, 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
$1,536
Payback Period
8.7 years
25-Year Savings
$40,165
Return on Investment
301%
* Estimates based on 4.5 peak sun hours/day in Sioux 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 Sioux City
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 Sioux 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.
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