Solar Panel Cost Guide in Fridley, MN (Oct 2022)

  • Fridley Solar Installation Cost: $14,274
  • 25-Year Savings: $21,512
  • Payback Period: 10.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Fridley

Here's how much it might cost to go solar in Fridley.

The average cost of a solar panel system in Fridley is $3 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 $10,563 after the 30% federal solar tax credit is applied.

How much you pay can be higher or lower than the average in Fridley depending on several factors, such as the model of solar panels you choose and the solar contractor you hire. With average savings of about $19,000 on power bills over 20 years, many homeowners in Fridley find installing solar panels has a decent ROI.

You can click the button below to get connected with a vetted solar company in Fridley for a quote for your home.

Solar savings over time in Fridley

Year Return on Investment
1 years $-12,842
3 years $-9,980
5 years $-7,117
7 years $-4,254
9 years $-1,391
11 years $1,472
13 years $4,335
15 years $7,198
17 years $10,061
19 years $12,924
21 years $15,786
23 years $18,649
25 years $21,512

Top Solar Installers in Fridley

Many homeowners opt for a solar panel installer since installing solar panels yourself can be a labor-intensive endeavor. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.

If you're searching for a solar company in Fridley, we've compiled 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 Technology

Tesla Energy

★★★★★
4.5

  • 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

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

See all of the solar companies in Fridley

Factors that Affect Solar Panel Costs in Fridley

There are a number of factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size. Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,840. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Fridley, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar installers in Fridley have solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

The solar installer you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Fridley, and each can charge varying amounts for labor and equipment. Some companies 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 cost more. It's best to do some research and choose a company that provides the products, warranties and services you want and also fits 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

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

  • Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
  • Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
  • Solar Panel Brands: The brand of solar panel you'd like plays a role in which installer you should go with, since different companies provide different panels.

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 Technology

Tesla Energy

★★★★★
4.5

  • 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

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

EcoWatch's Fridley, MN Solar Cost FAQs

How much does it cost to install solar panels in Fridley?

This is a difficult question to answer precisely, 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 additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Fridley?

Leasing solar panels can be an option if you can't pay upfront or get 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 savings from going solar.

How will installing solar panels impact my property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fridley is currently $188,241, which means you can look forward to a value of about $7,718 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fridley is a worthwhile investment.

How long do solar panels last in Fridley?

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 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.

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