Cost & Savings Breakdown
Based on $150/month electric bill in Sioux City
System Size
10.9 kW
Annual Production
14,314 kWh
Gross System Cost
$32,680
Federal Tax Credit (30%)
-$9,804
State Incentive
-$5,000
Net Cost
$17,876
Monthly Savings
$122
CO₂ Offset/yr
13,169 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$0.102/kWh
Peak Sun Hours4.5 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 Sioux City?
Solar in Sioux City, Iowa costs approximately $32,680 for a 10.9 kW system. After the 30% federal tax credit, your net cost is about $17,876.
What is the solar payback period in Sioux City?
The estimated payback period for solar in Sioux City is 12.2 years, based on a $150/month electric bill and local sun hours of 4.5 hrs/day.
Does MidAmerican Energy offer net metering?
MidAmerican Energy offers Full Retail net metering. Full retail rate.