Solar Panel Cost Guide in Fridley, MN (Jan 2023)

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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Fridley

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

While the national average of solar panels is $2.66 per watt, solar panels in Fridley typically cost around $3. To account for the typical energy usage of the average home in Fridley, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,274, or $10,563 after the federal solar tax credit of 30% is applied.

Bear 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 look different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $19,000 on utility bills over 20 years, many homeowners in Fridley find going solar has a decent ROI.

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

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

Although it's possible to install solar panels on your own, it requires extra labor and handiness. That's one of the reasons most people choose to go with a solar panel installer. The expertise that solar installers offer can be helpful as well, especially if you aren't sure what brand of solar equipment you need.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

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 criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,840 per kilowatt in Fridley. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Fridley average.

Solar Financing Terms

Many homeowners find the average cost of solar in Fridley to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.

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 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

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.

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