Solar Panel Cost Guide in Columbus, MN (2024 Update)
- Columbus Solar Installation Cost: $20,251
- 25-Year Savings: $22,216
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Columbus
We break down average solar pricing in Columbus.
In Columbus, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Columbus, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $20,251, or $28,959 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Columbus can save around $19,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Columbus
| Year | Return on Investment |
|---|---|
| 1 years | $-18,972 |
| 3 years | $-16,413 |
| 5 years | $-13,854 |
| 7 years | $-11,295 |
| 9 years | $-8,736 |
| 11 years | $-6,177 |
| 13 years | $-3,618 |
| 15 years | $-1,060 |
| 17 years | $1,499 |
| 19 years | $4,058 |
| 21 years | $6,617 |
| 23 years | $9,176 |
| 25 years | $11,735 |
Top Solar Installers in Columbus
Putting up solar panels yourself can be a difficult project, which is why using a solar installation company is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar power, going with a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives and net metering programs.
If you're on the hunt for a solar installer in Columbus, we've put together a list of our top suggestions here:
See all of the solar companies in Columbus
Factors that Affect Solar Panel Costs in Columbus
There are a number of factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,030.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Columbus, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Columbus are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $12,893 | 14.4 years |
| 8 kW | $4.11 | $23,019 | $17,642 | 14.2 years |
| 10 kW | $4.03 | $28,210 | $22,617 | 13.9 years |
| 12 kW | $3.95 | $33,175 | $27,818 | 13.6 years |
| 14 kW | $3.87 | $37,914 | $33,244 | 13.3 years |
| 16 kW | $3.79 | $42,428 | $38,896 | 13.0 years |
| 18 kW | $3.71 | $46,716 | $44,773 | 12.8 years |
| 20 kW | $3.63 | $50,778 | $50,876 | 12.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: If you’re worried about the longevity of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which company you should choose, since different companies have different panels.
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
EcoWatch's Columbus, MN Solar Cost FAQs
How much does it cost to install solar panels in Columbus?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $20,150 for a 5-kW system and $40,300 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 usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Columbus?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Columbus?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Columbus?
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 level 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.