Solar Panel Cost Guide in Cannon Falls, MN (2024 Update)
- Cannon Falls Solar Installation Cost: $20,354
- 25-Year Savings: $20,191
- Payback Period: 14.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Cannon Falls
We break down average solar pricing in Cannon Falls.
In Cannon Falls, solar panels cost about 4 per watt on average.To cover the typical energy usage 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.
These figures are only averages, and the cost of going solar for you will most likely look different based on your energy needs and what company you want to go with.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
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 involves extra labor and know-how. That's why most homeowners choose a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our suggestions for providers in Cannon Falls:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- 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
See all of the solar companies in Cannon Falls
Factors that Affect Solar Panel Costs in Cannon Falls
The cost of installing a solar system in Cannon Falls can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
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 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 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 over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Cannon Falls average.
Solar Financing Terms
Most solar companies in Cannon Falls have solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Cannon Falls, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Cannon Falls know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- 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: Each solar panel brand and type offers varying levels of quality, durability and 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.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- 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
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 variety of 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Cannon Falls?
You can’t get solar panels for free in Cannon Falls. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home 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, which means you could be looking at a value of about $11,785 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Cannon Falls is a worthwhile investment.
How long do solar panels last in Cannon Falls?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.