Solar Panel Cost Guide in Deephaven, MN (Jan 2023)
- Deephaven Solar Installation Cost: $14,314
- 25-Year Savings: $19,177
- Payback Period: 10.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Top Solar Installers in Deephaven
Although it's possible to install solar panels by yourself, it requires extra labor and handiness. That's why the majority of homeowners choose a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Deephaven, therefore optimizing your ROI.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Deephaven
Factors that Affect Solar Panel Costs in Deephaven
While the average cost of a solar system in Deephaven is $14,314, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Deephaven to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Deephaven, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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||$15,496||11.1 years|
|8 kW||$2.90||$16,222||$20,980||10.9 years|
|10 kW||$2.84||$19,880||$26,622||10.7 years|
|12 kW||$2.78||$23,379||$32,424||10.5 years|
|14 kW||$2.73||$26,719||$38,384||10.3 years|
|16 kW||$2.67||$29,900||$44,504||10.0 years|
|18 kW||$2.61||$32,921||$50,783||9.8 years|
|20 kW||$2.56||$35,784||$57,220||9.6 years|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you'd like to install plays a part in which company you should choose, since different companies have different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
EcoWatch's Deephaven, MN Solar Cost FAQs
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.