Solar Panel Cost Guide in Falcon Heights, MN (2025 Update)
- Falcon Heights Solar Installation Cost: $20,356
- 25-Year Savings: $21,441
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Falcon Heights
Find out how much it might cost to install solar panels in Falcon Heights.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Falcon Heights, the typical cost of solar panels is 4 per watt.The average Falcon Heights homeowner needs a 7.2-kilowatt system, which would cost about $20,356 with the federal tax credit, or $29,109 before the 0 tax credit is applied.
The actual price you pay can go above or below the average in Falcon Heights depending on several factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar installer in Falcon Heights that can help you get a more accurate cost estimate for your home.
Solar savings over time in Falcon Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-19,076 |
| 3 years | $-16,518 |
| 5 years | $-13,959 |
| 7 years | $-11,400 |
| 9 years | $-8,841 |
| 11 years | $-6,282 |
| 13 years | $-3,723 |
| 15 years | $-1,164 |
| 17 years | $1,395 |
| 19 years | $3,954 |
| 21 years | $6,513 |
| 23 years | $9,071 |
| 25 years | $11,630 |
Top Solar Installers in Falcon Heights
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with an installer can make converting to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our recommendations for providers near you:
See all of the solar companies in Falcon Heights
Factors that Affect Solar Panel Costs in Falcon Heights
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Falcon Heights: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Falcon Heights, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by about $4,030 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they cut back your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can influence the cost. Falcon Heights’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $12,153 | 14.8 years |
| 8 kW | $4.11 | $23,019 | $16,655 | 14.5 years |
| 10 kW | $4.03 | $28,210 | $21,383 | 14.2 years |
| 12 kW | $3.95 | $33,175 | $26,337 | 13.9 years |
| 14 kW | $3.87 | $37,914 | $31,517 | 13.7 years |
| 16 kW | $3.79 | $42,428 | $36,922 | 13.4 years |
| 18 kW | $3.71 | $46,716 | $42,552 | 13.1 years |
| 20 kW | $3.63 | $50,778 | $48,409 | 12.8 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 find the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When making the switch to solar power, it’s necessary to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project timeline.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Falcon Heights, MN Solar Cost FAQs
What is the average cost of installing solar panels in Falcon Heights?
The average cost of solar panels in Falcon Heights is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Falcon Heights?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.