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Top Solar Installers in Bloomington
Many homeowners opt for a solar installer since trying to put up solar panels on your own can be a lot of work. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you'd like to start using solar energy but still aren't certain which solar company to go with, here are our suggestions for providers near you:
See all of the solar companies in Bloomington
Factors that Affect Solar Panel Costs in Bloomington
For many Bloomington homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Bloomington, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
When it comes to estimating the cost of a solar energy system in Bloomington, 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 figure out by looking at past energy bills. Your total cost can increase by about $2,840 for each additional kilowatt you need. The kind 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 energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Bloomington average.
Solar Financing Terms
Most solar companies in Bloomington provide solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Bloomington is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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||$17,409||10.4 years|
|8 kW||$2.90||$16,222||$23,530||10.2 years|
|10 kW||$2.84||$19,880||$29,810||10.0 years|
|12 kW||$2.78||$23,379||$36,249||9.8 years|
|14 kW||$2.73||$26,719||$42,847||9.6 years|
|16 kW||$2.67||$29,900||$49,604||9.4 years|
|18 kW||$2.61||$32,921||$56,520||9.2 years|
|20 kW||$2.56||$35,784||$63,596||9.0 years|
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
EcoWatch's Bloomington, MN Solar Cost FAQs
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.