Cost & Savings Breakdown
Based on $150/month electric bill in Iowa City
System Size
9.1 kW
Annual Production
12,167 kWh
Gross System Cost
$27,174
Federal Tax Credit (30%)
-$8,152
State Incentive
-$5,000
Net Cost
$14,022
Monthly Savings
$122
CO₂ Offset/yr
11,193 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$0.120/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 Iowa City?
Solar in Iowa City, Iowa costs approximately $27,174 for a 9.1 kW system. After the 30% federal tax credit, your net cost is about $14,022.
What is the solar payback period in Iowa City?
The estimated payback period for solar in Iowa City is 9.6 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.