Solar Panel Cost Guide in Brockway, MN (Jan 2023)
- Brockway Solar Installation Cost: $14,135
- 25-Year Savings: $18,424
- Payback Period: 10.8 Years
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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:
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.
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.
EcoWatch's Brockway, 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.