Solar Panel Cost Guide in Becker, MN (Mar 2023)
- Becker Solar Installation Cost: $14,234
- 25-Year Savings: $21,592
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Becker
Find out what the average cost of solar panel installation is in Becker.
In Becker, solar panels cost about 2.84 per watt on average. Using this figure, a typical 7.2-kW system would cost about $14,234 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may look different based on your energy needs and what company you want to go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $19,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Becker
| Year | Return on Investment |
|---|---|
| 1 years | $-12,801 |
| 3 years | $-9,935 |
| 5 years | $-7,069 |
| 7 years | $-4,203 |
| 9 years | $-1,337 |
| 11 years | $1,529 |
| 13 years | $4,396 |
| 15 years | $7,262 |
| 17 years | $10,128 |
| 19 years | $12,994 |
| 21 years | $15,860 |
| 23 years | $18,726 |
| 25 years | $21,592 |
Top Solar Installers in Becker
When going solar, many homeowners opt to hire a solar installer since handling can be a difficult project. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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
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
See all of the solar companies in Becker
Factors that Affect Solar Panel Costs in Becker
The cost of installing a solar system in Becker can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Becker, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,840 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Becker homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can affect how much it costs. Becker's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,617 | 10.3 years |
| 8 kW | $2.90 | $16,222 | $23,807 | 10.1 years |
| 10 kW | $2.84 | $19,880 | $30,157 | 9.9 years |
| 12 kW | $2.78 | $23,379 | $36,665 | 9.7 years |
| 14 kW | $2.73 | $26,719 | $43,333 | 9.5 years |
| 16 kW | $2.67 | $29,900 | $50,159 | 9.3 years |
| 18 kW | $2.61 | $32,921 | $57,145 | 9.1 years |
| 20 kW | $2.56 | $35,784 | $64,290 | 8.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you care about the longevity of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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
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
EcoWatch's Becker, MN Solar Cost FAQs
How much does it cost to install solar panels in Becker?
The average cost of solar panels in Becker is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Becker?
You can't get solar panels for free in Becker. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Becker, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Becker?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.