Solar Panel Cost Guide in Albertville, MN (2023 Update)
- Albertville Solar Installation Cost: $14,166
- 25-Year Savings: $19,324
- Payback Period: 10.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Albertville
Find out what the average cost of a solar system is in Albertville.
Although the national average of solar panels is $2.66 per watt, solar panels in Albertville typically cost around 2.84. The average solar panel system size in Albertville is around 7.1 kilowatts, meaning a cost of about $14,174 for a solar installation, or $20,269 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Albertville based on a few factors, such as the type of solar panels you choose and the solar company you hire. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Albertville can save around $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Albertville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Albertville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,887 |
| 3 years | $-10,328 |
| 5 years | $-7,769 |
| 7 years | $-5,210 |
| 9 years | $-2,651 |
| 11 years | $-92 |
| 13 years | $2,467 |
| 15 years | $5,026 |
| 17 years | $7,585 |
| 19 years | $10,144 |
| 21 years | $12,702 |
| 23 years | $15,261 |
| 25 years | $17,820 |
Top Solar Installers in Albertville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of an installer can make your swap to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you aren't sure what type of solar equipment would be right for your home.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Albertville:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Albertville
Factors that Affect Solar Panel Costs in Albertville
There are a number of criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,840. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Albertville, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Albertville offer solar loans, which reduce your upfront costs of installing solar panels. Even though solar loans make switching to solar energy more accessible for Albertville homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.95 | $12,405 | $15,794 | 11.0 years |
| 8 kW | $2.90 | $16,222 | $21,377 | 10.8 years |
| 10 kW | $2.84 | $19,880 | $27,119 | 10.6 years |
| 12 kW | $2.78 | $23,379 | $33,020 | 10.4 years |
| 14 kW | $2.73 | $26,719 | $39,080 | 10.2 years |
| 16 kW | $2.67 | $29,900 | $45,298 | 9.9 years |
| 18 kW | $2.61 | $32,921 | $51,676 | 9.7 years |
| 20 kW | $2.56 | $35,784 | $58,214 | 9.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Albertville, MN Solar Cost FAQs
What is the average cost of installing solar panels in Albertville?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,200 for a 5-kW system and $28,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Albertville?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Albertville is currently $257,100, which means you can look forward to a value of about $10,541 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Albertville is a fruitful investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.