Solar Panel Cost Guide in Chaska, MN (Sep 2022)

  • Chaska Solar Installation Cost: $14,174
  • 25-Year Savings: $18,766
  • Payback Period: 10.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Chaska

Find out what the average cost of a solar system is in Chaska.

Although the national average of solar panels is $2.66 per watt, solar panels in Chaska generally cost about $3. The average Chaska homeowner needs a 7.1-kilowatt system, which would cost about $14,174, or $10,489 after the federal solar tax credit of 30% is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Chaska homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on energy bills.

For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Chaska

Year Return on Investment
1 years $-12,857
3 years $-10,222
5 years $-7,586
7 years $-4,951
9 years $-2,316
11 years $319
13 years $2,954
15 years $5,590
17 years $8,225
19 years $10,860
21 years $13,495
23 years $16,131
25 years $18,766

Top Solar Installers in Chaska

Although it's possible to install solar panels by yourself, it requires extra time and handiness. That's why most people choose a solar panel installer. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.

If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our suggestions for providers in Chaska:

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

The Green Panel

★★★★★
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 Chaska

Factors that Affect Solar Panel Costs in Chaska

The cost of installing a solar system in Chaska can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment Size

The size of the solar energy system you need to offset your energy usage is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,840. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Chaska, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the amount of 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 securing a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The solar company you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Chaska, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 $15,333 11.2 years
8 kW $2.90 $16,222 $20,762 11.0 years
10 kW $2.84 $19,880 $26,350 10.8 years
12 kW $2.78 $23,379 $32,097 10.5 years
14 kW $2.73 $26,719 $38,004 10.3 years
16 kW $2.67 $29,900 $44,069 10.1 years
18 kW $2.61 $32,921 $50,293 9.9 years
20 kW $2.56 $35,784 $56,677 9.7 years

Solar Incentives in Chaska

Name Solar Energy Sales Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Wind and Solar-Electric (PV) Systems Exemption
More Info Click here

Name Xcel Energy - Solar*Rewards Program
Website Visit here
More Info Click here

Name Wind Energy Sales Tax Exemption
Incentive Amount 100% of sales tax
More Info Click here

Name Xcel Energy (Electric and Gas) - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Brainerd Public Utilities - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Xcel Energy - Renewable Development Fund Grants
Incentive Amount Varies
Website Visit here
More Info Click here

Name Connexus Energy - Residential Energy Efficiency Loan Program
Website Visit here
More Info Click here

Name Great River Energy (28 Member Cooperatives) - Energy Wise Residential Efficiency Rebates
Website Visit here
More Info Click here

Name Wright-Hennepin Cooperative Electric Association - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Shakopee Public Utilities - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Minnesota Valley Electric Cooperative - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program
Incentive Amount $5,000
Website Visit here
More Info Click here

Name Home Energy Loan Program
Incentive Amount $20,000
Website Visit here
More Info Click here

Name Fix-Up Loan
Website Visit here
More Info Click here

Name Renewable Energy Production Incentive
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar installer you opt for will impact 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 some important things you should keep in mind, such as:

  • Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
  • Warranty: If you're worried about the longevity of your solar panels, checking your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.

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

The Green Panel

★★★★★
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 Chaska, MN Solar Cost FAQs

What is the average cost of installing solar panels in Chaska?

This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $14,200 for a 5-kW system and $28,400 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 usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Is cost the most important thing to consider when buying solar panels?

The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

How will solar panels impact the value of my home?

Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.

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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