Solar Panel Cost Guide in Brockway, MN (Feb 2023)

  • Brockway Solar Installation Cost: $14,135
  • 25-Year Savings: $18,424
  • Payback Period: 10.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Brockway

See how much it might cost to make the switch to solar in Brockway.

The average cost of a solar panel system in Brockway is $3 per watt. The average solar panel system size in Brockway is around 7.1 kilowatts, meaning a cost of about $14,135 for a solar installation, or $10,460 after the 30% federal solar tax credit is applied.

These figures are only averages, and the cost of going solar for you will most likely look different based on your specific situation and what company you go with. Despite the high initial cost, the average Brockway homeowner can save around $17,000 on their energy bills over 20 years, which is one of the advantages of solar.

Click the button below to get connected to a vetted solar installer in your area for a custom estimate.

Solar savings over time in Brockway

Year Return on Investment
1 years $-12,832
3 years $-10,228
5 years $-7,623
7 years $-5,018
9 years $-2,413
11 years $191
13 years $2,796
15 years $5,401
17 years $8,005
19 years $10,610
21 years $13,215
23 years $15,820
25 years $18,424

Top Solar Installers in Brockway

Putting up solar panels on your own can be a difficult task, which is why using a solar installation company is a good option for many homeowners. In addition, if you'd like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • 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 Brockway

Factors that Affect Solar Panel Costs in Brockway

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Brockway: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the price of a solar energy system in Brockway, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,840 for each additional kilowatt you need. The 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 over time on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Brockway average.

Solar Financing Terms

Most solar installers in Brockway have solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panel system can influence how much you pay. Brockway's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to 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 $15,081 11.3 years
8 kW $2.90 $16,222 $20,427 11.1 years
10 kW $2.84 $19,880 $25,931 10.8 years
12 kW $2.78 $23,379 $31,594 10.6 years
14 kW $2.73 $26,719 $37,416 10.4 years
16 kW $2.67 $29,900 $43,398 10.2 years
18 kW $2.61 $32,921 $49,538 10.0 years
20 kW $2.56 $35,784 $55,838 9.8 years

How to Save on Solar Panels

Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
  • Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
  • Solar Panel Brands: Different companies have different brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Brockway, MN Solar Cost FAQs

How much does it cost to install solar panels in Brockway?

The average cost of solar panels in Brockway 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Brockway?

Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

How much can I save on electricity bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $916.22 per year.

How long do solar panels last in Brockway?

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 higher amount 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.

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