Cost & Savings Breakdown
Based on $150/month electric bill in Davenport
System Size
11.2 kW
Annual Production
14,038 kWh
Gross System Cost
$33,542
Federal Tax Credit (30%)
-$10,063
State Incentive
-$5,000
Net Cost
$18,479
Monthly Savings
$122
CO₂ Offset/yr
12,915 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$0.104/kWh
Peak Sun Hours4.3 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 Davenport?
Solar in Davenport, Iowa costs approximately $33,542 for a 11.2 kW system. After the 30% federal tax credit, your net cost is about $18,479.
What is the solar payback period in Davenport?
The estimated payback period for solar in Davenport is 12.7 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does MidAmerican Energy offer net metering?
MidAmerican Energy offers Full Retail net metering. Full retail rate.