Solar Panel Cost Guide in Chisago City, MN (2023 Update)
- Chisago City Solar Installation Cost: $14,353
- 25-Year Savings: $23,256
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Chisago City
Let's take a look at the average cost of solar in Chisago City.
The average cost of solar panels in Chisago City is 2.84 per watt. Since a 7.2-kW system is needed to cover the energy costs of a typical home in Chisago City, the average price of going solar will be about $14,353 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Chisago City homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the significant upfront cost, the average Chisago City homeowner can save around $20,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a pre-vetted solar installer in Chisago City, you can click the button below.
Solar savings over time in Chisago City
| Year | Return on Investment |
|---|---|
| 1 years | $-12,849 |
| 3 years | $-9,840 |
| 5 years | $-6,832 |
| 7 years | $-3,823 |
| 9 years | $-814 |
| 11 years | $2,195 |
| 13 years | $5,203 |
| 15 years | $8,212 |
| 17 years | $11,221 |
| 19 years | $14,229 |
| 21 years | $17,238 |
| 23 years | $20,247 |
| 25 years | $23,256 |
Top Solar Installers in Chisago City
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be time-consuming. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Chisago City:
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 Chisago City
Factors that Affect Solar Panel Costs in Chisago City
There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Chisago City have solar loans, which reduce the initial cost of installing solar. Though solar loans make switching to solar energy more accessible for Chisago City homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Chisago City, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fits within your budget.
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 | $18,834 | 9.9 years |
| 8 kW | $2.90 | $16,222 | $25,430 | 9.7 years |
| 10 kW | $2.84 | $19,880 | $32,185 | 9.5 years |
| 12 kW | $2.78 | $23,379 | $39,099 | 9.4 years |
| 14 kW | $2.73 | $26,719 | $46,172 | 9.2 years |
| 16 kW | $2.67 | $29,900 | $53,404 | 9.0 years |
| 18 kW | $2.61 | $32,921 | $60,795 | 8.8 years |
| 20 kW | $2.56 | $35,784 | $68,345 | 8.6 years |
How to Save on Solar Panels
There are a lot of companies available in Chisago City, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- 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 most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
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 Chisago City, MN Solar Cost FAQs
How much does it cost to install solar panels in Chisago City?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,200 for a 5-kW system and $28,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Chisago City?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Chisago City, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get between 20 and 35 panels to cover 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.