Solar Panel Cost Guide in Cannon Falls, MN (2025 Update)
- Cannon Falls Solar Installation Cost: $20,354
- 25-Year Savings: $20,191
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Cannon Falls
We break down average solar pricing in Cannon Falls.
The average cost of a solar panel system in Cannon Falls is 4 per watt.To account for the typical energy needs of the average home in Cannon Falls, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $20,354, or $29,106 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more.With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Cannon Falls find going solar can pay off big.
Click the button below to get connected to a reputable solar company in Cannon Falls for a customized estimate.
Solar savings over time in Cannon Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-19,075 |
| 3 years | $-16,516 |
| 5 years | $-13,957 |
| 7 years | $-11,398 |
| 9 years | $-8,839 |
| 11 years | $-6,280 |
| 13 years | $-3,721 |
| 15 years | $-1,162 |
| 17 years | $1,397 |
| 19 years | $3,956 |
| 21 years | $6,514 |
| 23 years | $9,073 |
| 25 years | $11,632 |
Top Solar Installers in Cannon Falls
Although you can install solar panels yourself, it takes extra labor and expertise. That's why most homeowners choose a solar panel installer. The payback period on an investment in solar panels will vary depending on factors like your location and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you're searching for a solar installer in Cannon Falls, we've compiled a list of our top suggestions here:
See all of the solar companies in Cannon Falls
Factors that Affect Solar Panel Costs in Cannon Falls
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Cannon Falls: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $4,030 per kilowatt in Cannon Falls.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Cannon Falls offer solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of loans, including the amount of 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 principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Cannon Falls is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Cannon Falls are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.19 | $17,603 | $11,115 | 15.3 years |
| 8 kW | $4.11 | $23,019 | $15,272 | 15.0 years |
| 10 kW | $4.03 | $28,210 | $19,654 | 14.7 years |
| 12 kW | $3.95 | $33,175 | $24,262 | 14.4 years |
| 14 kW | $3.87 | $37,914 | $29,096 | 14.1 years |
| 16 kW | $3.79 | $42,428 | $34,155 | 13.9 years |
| 18 kW | $3.71 | $46,716 | $39,440 | 13.6 years |
| 20 kW | $3.63 | $50,778 | $44,950 | 13.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
EcoWatch's Cannon Falls, MN Solar Cost FAQs
How much does it cost to install solar panels in Cannon Falls?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Cannon Falls?
Solar panels aren’t free in Cannon Falls, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cannon Falls is currently $287,443, so you can expect a value of about $11,785 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Cannon Falls is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.