Solar Panel Cost Guide in Dilworth, MN (2024 Update)
- Dilworth Solar Installation Cost: $20,239
- 25-Year Savings: $18,239
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Dilworth
Let’s have a look at the average cost of solar panels in Dilworth.
In Dilworth, solar panels cost about 4 per watt on average.The average Dilworth homeowner needs a 7.2-kilowatt system, which would cost about $20,239 with the federal tax credit, or $28,942 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Dilworth homeowner. The cost 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.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Dilworth can save around $17,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Dilworth for a quote for your home.
Solar savings over time in Dilworth
| Year | Return on Investment |
|---|---|
| 1 years | $-18,960 |
| 3 years | $-16,401 |
| 5 years | $-13,842 |
| 7 years | $-11,283 |
| 9 years | $-8,724 |
| 11 years | $-6,165 |
| 13 years | $-3,606 |
| 15 years | $-1,047 |
| 17 years | $1,512 |
| 19 years | $4,071 |
| 21 years | $6,629 |
| 23 years | $9,188 |
| 25 years | $11,747 |
Top Solar Installers in Dilworth
Trying to put up solar panels on your own can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Dilworth
Factors that Affect Solar Panel Costs in Dilworth
Although the average cost of a solar system in Dilworth is $20,239, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,030. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Dilworth, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Dilworth provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can play a part in determining your pricing. Dilworth’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $9,578 | 16.2 years |
| 8 kW | $4.11 | $23,019 | $13,222 | 15.9 years |
| 10 kW | $4.03 | $28,210 | $17,092 | 15.6 years |
| 12 kW | $3.95 | $33,175 | $21,187 | 15.3 years |
| 14 kW | $3.87 | $37,914 | $25,508 | 14.9 years |
| 16 kW | $3.79 | $42,428 | $30,055 | 14.6 years |
| 18 kW | $3.71 | $46,716 | $34,827 | 14.3 years |
| 20 kW | $3.63 | $50,778 | $39,825 | 14.0 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: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
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 Dilworth, MN Solar Cost FAQs
What is the average cost of installing solar panels in Dilworth?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Dilworth have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid 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.
How often do you have to replace solar panels?
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 larger amount 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.