Solar Panel Cost Guide in Eden Prairie, MN (2024 Update)

  • Eden Prairie Solar Installation Cost: $20,316
  • 25-Year Savings: $20,843
  • Payback Period: 14.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Eden Prairie

Find out what the average cost of installing solar panels is in Eden Prairie.

In Eden Prairie, solar panels cost about 4 per watt on average.Because a 7.2-kW system is needed to cover the energy usage of a typical home in Eden Prairie, the average price of going solar will be about $20,316 after claiming the federal solar tax credit of 0.

The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what installation company you go with.With average savings of about $19,000 on energy bills over 20 years, many homeowners in Eden Prairie find going solar can pay off big.

Click the button below to get connected to a top solar company in your area for a personalized estimate.

Solar savings over time in Eden Prairie

Year Return on Investment
1 years $-19,037
3 years $-16,478
5 years $-13,919
7 years $-11,360
9 years $-8,801
11 years $-6,242
13 years $-3,684
15 years $-1,125
17 years $1,434
19 years $3,993
21 years $6,552
23 years $9,111
25 years $11,670

Top Solar Installers in Eden Prairie

When making the switch to solar, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a time-consuming project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

If you're searching for a solar installer in Eden Prairie, the EcoWatch team has put together 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 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

Best Technology

Tesla Energy

★★★★★
3.2

  • 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

For many Eden Prairie homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Eden Prairie, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $4,030 per kilowatt in Eden Prairie.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Eden Prairie, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The last major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Eden Prairie, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.

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 $11,690 15.0 years
8 kW $4.11 $23,019 $16,038 14.7 years
10 kW $4.03 $28,210 $20,611 14.4 years
12 kW $3.95 $33,175 $25,411 14.2 years
14 kW $3.87 $37,914 $30,436 13.9 years
16 kW $3.79 $42,428 $35,686 13.6 years
18 kW $3.71 $46,716 $41,163 13.3 years
20 kW $3.63 $50,778 $46,865 13.0 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
  • Installation Process: When making the switch to solar, it’s important to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.

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 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

Best Technology

Tesla Energy

★★★★★
3.2

  • 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?

The average cost of solar panels in Eden Prairie is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Eden Prairie?

Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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.

Does Eden Prairie have a net metering program?

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 give you credit toward your future utility bills.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.

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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