Solar Panel Cost Guide in Chisago Lake, MN (2024 Update)
- Chisago Lake Solar Installation Cost: $20,377
- 25-Year Savings: $23,049
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Chisago Lake
Find out what the average cost of a solar system is in Chisago Lake.
While the national average of solar panels is $2.66 per watt, solar panels in Chisago Lake typically cost about 4.Using this figure, a typical 7.2-kW system would cost about $20,377 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely look different based on the amount of energy your home requires and what company you go with.But, after you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar company in your area for a custom quote.
Solar savings over time in Chisago Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-19,098 |
| 3 years | $-16,539 |
| 5 years | $-13,980 |
| 7 years | $-11,421 |
| 9 years | $-8,862 |
| 11 years | $-6,304 |
| 13 years | $-3,745 |
| 15 years | $-1,186 |
| 17 years | $1,373 |
| 19 years | $3,932 |
| 21 years | $6,491 |
| 23 years | $9,050 |
| 25 years | $11,609 |
Top Solar Installers in Chisago Lake
Many homeowners decide to use a solar installation company since trying to install solar panels yourself can be a lot of work. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for your family.
If you’d like to go solar but still aren’t certain which solar system company to go with, here are our suggestions for providers near you:
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 Chisago Lake
Factors that Affect Solar Panel Costs in Chisago Lake
Even though the average cost of a solar system in Chisago Lake is $20,377, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking 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
If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Chisago Lake, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Some companies 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 with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want 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 | $4.19 | $17,603 | $13,470 | 14.2 years |
| 8 kW | $4.11 | $23,019 | $18,411 | 13.9 years |
| 10 kW | $4.03 | $28,210 | $23,578 | 13.6 years |
| 12 kW | $3.95 | $33,175 | $28,970 | 13.3 years |
| 14 kW | $3.87 | $37,914 | $34,588 | 13.1 years |
| 16 kW | $3.79 | $42,428 | $40,432 | 12.8 years |
| 18 kW | $3.71 | $46,716 | $46,502 | 12.5 years |
| 20 kW | $3.63 | $50,778 | $52,797 | 12.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation 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 things to keep in mind to help with your decision:
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion timeline.
- Warranty: If you care about the longevity of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Well-established 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 Chisago Lake, MN Solar Cost FAQs
What is the average cost of installing solar panels in Chisago Lake?
The average cost of solar panels in Chisago Lake is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Chisago Lake?
A solar panel system isn’t free in Chisago Lake, 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 can help lower the cost.
Can you sell solar power back to the grid in Chisago Lake?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 install 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.