Cost & Savings Breakdown
Based on $150/month electric bill in Ankeny
System Size
10 kW
Annual Production
13,394 kWh
Gross System Cost
$29,916
Federal Tax Credit (30%)
-$8,975
State Incentive
-$5,000
Net Cost
$15,941
Monthly Savings
$122
CO₂ Offset/yr
12,323 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityMidAmerican Energy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.109/kWh
Peak Sun Hours4.6 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$5,000
Iowa State Incentive — Iowa offers a 15% state tax credit up to $5,000.
Common Questions
How much does solar cost in Ankeny?
Solar in Ankeny, Iowa costs approximately $29,916 for a 10 kW system. After the 30% federal tax credit, your net cost is about $15,941.
What is the solar payback period in Ankeny?
The estimated payback period for solar in Ankeny is 10.9 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does MidAmerican Energy offer net metering?
MidAmerican Energy offers Full Retail net metering. Full retail rate.