Solar Panel Cost Guide in Cottage Grove, MN (Dec 2022)

  • Cottage Grove Solar Installation Cost: $14,353
  • 25-Year Savings: $20,682
  • Payback Period: 10.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Cottage Grove

Find out what the average cost of installing solar panels is in Cottage Grove.

In Cottage Grove, solar panels cost about $3 per watt on average. To account for the typical energy needs of the average home in Cottage Grove, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,353, or $10,621 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.

Click the button below to get connected to a highly rated solar company in your area for a customized estimate.

Solar savings over time in Cottage Grove

Year Return on Investment
1 years $-12,952
3 years $-10,149
5 years $-7,346
7 years $-4,543
9 years $-1,741
11 years $1,062
13 years $3,865
15 years $6,668
17 years $9,471
19 years $12,274
21 years $15,076
23 years $17,879
25 years $20,682

Top Solar Installers in Cottage Grove

Many homeowners decide to use a solar panel installer since trying to put up solar panels yourself can be hard. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for you.

If you're on the hunt for a solar company in Cottage Grove, the EcoWatch team has compiled a list of our top suggestions here:

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

Tesla Energy

★★★★★
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 Cottage Grove

Factors that Affect Solar Panel Costs in Cottage Grove

Although the average cost of a solar system in Cottage Grove is $14,353, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Cottage Grove, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. Even though solar loans make switching to solar energy more accessible for Cottage Grove homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Cottage Grove, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

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 $16,707 10.7 years
8 kW $2.90 $16,222 $22,594 10.4 years
10 kW $2.84 $19,880 $28,640 10.2 years
12 kW $2.78 $23,379 $34,845 10.0 years
14 kW $2.73 $26,719 $41,209 9.8 years
16 kW $2.67 $29,900 $47,733 9.6 years
18 kW $2.61 $32,921 $54,415 9.4 years
20 kW $2.56 $35,784 $61,256 9.2 years

How to Save on Solar Panels

The solar installer you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:

  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
  • Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on 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

Tesla Energy

★★★★★
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 Cottage Grove, MN Solar Cost FAQs

How much does it cost to install solar panels in Cottage Grove?

The average cost of solar panels in Cottage Grove is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Cottage Grove?

Solar panels aren't free in Cottage Grove, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Can you sell solar power back to the grid in Cottage Grove?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.

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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