Solar Panel Cost Guide in Fridley, MN (2023 Update)
- Fridley Solar Installation Cost: $14,271
- 25-Year Savings: $21,515
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Fridley
We go over average solar pricing in Fridley.
The national average cost of solar panels is $2.66 per watt, but in Fridley it's 2.84 per watt. The average solar panel system size in Fridley is around 7.2 kilowatts, meaning a cost of about $14,274 for a solar installation, or $20,412 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Fridley homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Fridley can save about $19,000 on their power bills over 20 years.
Click the button below to get connected to a top solar company in your area for a custom estimate.
Solar savings over time in Fridley
| Year | Return on Investment |
|---|---|
| 1 years | $-12,992 |
| 3 years | $-10,433 |
| 5 years | $-7,874 |
| 7 years | $-5,315 |
| 9 years | $-2,756 |
| 11 years | $-197 |
| 13 years | $2,361 |
| 15 years | $4,920 |
| 17 years | $7,479 |
| 19 years | $10,038 |
| 21 years | $12,597 |
| 23 years | $15,156 |
| 25 years | $17,715 |
Top Solar Installers in Fridley
Installing solar panels on your own can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you aren't sure what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Fridley
Factors that Affect Solar Panel Costs in Fridley
While the average cost of a solar system in Fridley is $14,274, 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 solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects 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. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Fridley, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Fridley homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.
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 | $17,505 | 10.4 years |
| 8 kW | $2.90 | $16,222 | $23,658 | 10.2 years |
| 10 kW | $2.84 | $19,880 | $29,970 | 10.0 years |
| 12 kW | $2.78 | $23,379 | $36,441 | 9.8 years |
| 14 kW | $2.73 | $26,719 | $43,071 | 9.6 years |
| 16 kW | $2.67 | $29,900 | $49,860 | 9.4 years |
| 18 kW | $2.61 | $32,921 | $56,808 | 9.2 years |
| 20 kW | $2.56 | $35,784 | $63,915 | 9.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you're worried about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Fridley, MN Solar Cost FAQs
What is the average cost of installing solar panels in Fridley?
The average cost of solar panels in Fridley is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Fridley?
Solar panels aren't free in Fridley, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Fridley?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.
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.