Solar Panel Cost Guide in Bradford, MN (Jan 2023)
- Bradford Solar Installation Cost: $14,254
- 25-Year Savings: $23,720
- Payback Period: 9.4 Years
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Top Solar Installers in Bradford
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be hard. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for you.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Bradford
Factors that Affect Solar Panel Costs in Bradford
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Bradford: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,840 per kilowatt in Bradford. The kind of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think 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 looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Bradford to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. 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're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Bradford, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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||$19,368||9.8 years|
|8 kW||$2.90||$16,222||$26,142||9.6 years|
|10 kW||$2.84||$19,880||$33,075||9.4 years|
|12 kW||$2.78||$23,379||$40,167||9.2 years|
|14 kW||$2.73||$26,719||$47,418||9.0 years|
|16 kW||$2.67||$29,900||$54,828||8.8 years|
|18 kW||$2.61||$32,921||$62,398||8.6 years|
|20 kW||$2.56||$35,784||$70,126||8.4 years|
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a high 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.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a part in which installer you should choose, since different companies offer different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
EcoWatch's Bradford, 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.