Solar Panel Cost Guide in Blaine, MN (2023 Update)
- Blaine Solar Installation Cost: $14,314
- 25-Year Savings: $21,333
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Blaine
Let's have a look at the average cost of solar in Blaine.
The average cost of a solar system in Blaine is 2.84 per watt. Because a 7.2-kW system is needed to cover the energy usage of a typical home in Blaine, the average price of going solar will be about $14,314 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Blaine homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Blaine can save around $19,000 on their electricity bills over 20 years.
To get a free estimate from a highly rated solar installation company in Blaine, you can click the button below.
Solar savings over time in Blaine
| Year | Return on Investment |
|---|---|
| 1 years | $-12,888 |
| 3 years | $-10,036 |
| 5 years | $-7,184 |
| 7 years | $-4,333 |
| 9 years | $-1,481 |
| 11 years | $1,371 |
| 13 years | $4,223 |
| 15 years | $7,074 |
| 17 years | $9,926 |
| 19 years | $12,778 |
| 21 years | $15,630 |
| 23 years | $18,481 |
| 25 years | $21,333 |
Top Solar Installers in Blaine
Trying to put up solar panels on your own can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
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 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 Blaine
Factors that Affect Solar Panel Costs in Blaine
There are several 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 panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use 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 $2,840. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Blaine average.
Solar Financing Terms
Most solar installers in Blaine offer solar loans, which reduce the initial cost of installing a solar system. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you select will affect your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies generally 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 extra services like electric car 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 | $17,312 | 10.4 years |
| 8 kW | $2.90 | $16,222 | $23,400 | 10.2 years |
| 10 kW | $2.84 | $19,880 | $29,648 | 10.0 years |
| 12 kW | $2.78 | $23,379 | $36,055 | 9.8 years |
| 14 kW | $2.73 | $26,719 | $42,621 | 9.6 years |
| 16 kW | $2.67 | $29,900 | $49,346 | 9.4 years |
| 18 kW | $2.61 | $32,921 | $56,229 | 9.2 years |
| 20 kW | $2.56 | $35,784 | $63,272 | 9.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, completion timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
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 Blaine, MN Solar Cost FAQs
What is the average cost of installing solar panels in Blaine?
The average cost of solar panels in Blaine is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 account for 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.