Solar Panel Cost Guide in Eden Prairie, MN (2023 Update)
- Eden Prairie Solar Installation Cost: $14,317
- 25-Year Savings: $20,843
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Eden Prairie
Find out what the average cost of installing solar panels is in Eden Prairie.
The average cost of solar panels in Eden Prairie is 2.84 per watt. Since a 7.2-kW system is needed to cover the energy costs of a typical home in Eden Prairie, the average price of going solar will be about $14,314 after claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you will look different based on your specific situation and what company you want to go with. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Eden Prairie find installing solar panels can pay off big.
To get a free estimate from a top solar installer in Eden Prairie, you can click the button below.
Solar savings over time in Eden Prairie
| Year | Return on Investment |
|---|---|
| 1 years | $-14,200 |
| 3 years | $-13,966 |
| 5 years | $-13,731 |
| 7 years | $-13,497 |
| 9 years | $-13,262 |
| 11 years | $-13,028 |
| 13 years | $-12,794 |
| 15 years | $-12,559 |
| 17 years | $-12,325 |
| 19 years | $-12,090 |
| 21 years | $-11,856 |
| 23 years | $-11,622 |
| 25 years | $-11,387 |
Top Solar Installers in Eden Prairie
Installing solar panels by yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, if you're not certain what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Eden Prairie
Factors that Affect Solar Panel Costs in Eden Prairie
The cost of installing a solar system in Eden Prairie can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, 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 just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Eden Prairie homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you select will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Eden Prairie are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $2.95 | $12,405 | $16,888 | 10.6 years |
| 8 kW | $2.90 | $16,222 | $22,835 | 10.4 years |
| 10 kW | $2.84 | $19,880 | $28,941 | 10.2 years |
| 12 kW | $2.78 | $23,379 | $35,207 | 10.0 years |
| 14 kW | $2.73 | $26,719 | $41,631 | 9.8 years |
| 16 kW | $2.67 | $29,900 | $48,215 | 9.6 years |
| 18 kW | $2.61 | $32,921 | $54,957 | 9.4 years |
| 20 kW | $2.56 | $35,784 | $61,859 | 9.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- 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.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Eden Prairie, MN Solar Cost FAQs
How much does it cost to install solar panels in Eden Prairie?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $14,200 for a 5-kW system and $28,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Eden Prairie?
You can't get solar panels for free in Eden Prairie. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Eden Prairie have a net metering program?
The majority of states have 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.
How long do solar panels last in Eden Prairie?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.