Cost & Savings Breakdown
Based on $150/month electric bill in Waterloo
System Size
8.8 kW
Annual Production
11,870 kWh
Gross System Cost
$26,511
Federal Tax Credit (30%)
-$7,953
State Incentive
-$5,000
Net Cost
$13,558
Monthly Savings
$122
CO₂ Offset/yr
10,920 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityAlliant Energy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.123/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 Waterloo?
Solar in Waterloo, Iowa costs approximately $26,511 for a 8.8 kW system. After the 30% federal tax credit, your net cost is about $13,558.
What is the solar payback period in Waterloo?
The estimated payback period for solar in Waterloo is 9.3 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does Alliant Energy offer net metering?
Alliant Energy offers Full Retail net metering. Full retail rate.