Solar Panel Cost Guide in Baldwin, MN (2024 Update)
- Baldwin Solar Installation Cost: $20,198
- 25-Year Savings: $24,123
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Baldwin
Here’s how much it might cost to go solar in Baldwin.
The average cost of solar panels in Baldwin is 4 per watt.Since a 7.2-kW system is needed to cover the energy needs of a typical home in Baldwin, the average price of going solar will be about $20,198 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Baldwin homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Baldwin can save about $20,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Baldwin
| Year | Return on Investment |
|---|---|
| 1 years | $-18,936 |
| 3 years | $-16,411 |
| 5 years | $-13,885 |
| 7 years | $-11,360 |
| 9 years | $-8,835 |
| 11 years | $-6,310 |
| 13 years | $-3,785 |
| 15 years | $-1,260 |
| 17 years | $1,265 |
| 19 years | $3,790 |
| 21 years | $6,315 |
| 23 years | $8,840 |
| 25 years | $11,365 |
Top Solar Installers in Baldwin
Many homeowners opt for a solar installer since trying to install solar panels yourself can be challenging. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for your family.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Baldwin
Factors that Affect Solar Panel Costs in Baldwin
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,030.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Baldwin, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.Although solar loans make going solar more accessible for Baldwin homeowners, they can also add to 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 installation company you choose will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.19 | $17,603 | $14,540 | 13.7 years |
| 8 kW | $4.11 | $23,019 | $19,838 | 13.4 years |
| 10 kW | $4.03 | $28,210 | $25,362 | 13.2 years |
| 12 kW | $3.95 | $33,175 | $31,111 | 12.9 years |
| 14 kW | $3.87 | $37,914 | $37,086 | 12.6 years |
| 16 kW | $3.79 | $42,428 | $43,287 | 12.4 years |
| 18 kW | $3.71 | $46,716 | $49,713 | 12.1 years |
| 20 kW | $3.63 | $50,778 | $56,366 | 11.8 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: When looking through 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 part breaking or if the company goes out of business.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Baldwin, MN Solar Cost FAQs
What is the average cost of installing solar panels in Baldwin?
The average cost of solar panels in Baldwin is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Baldwin have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.