Solar Panel Cost Guide in Fridley, MN (2024 Update)
- Fridley Solar Installation Cost: $20,251
- 25-Year Savings: $21,515
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Fridley
We go over average solar pricing in Fridley.
In Fridley, solar panels cost about 4 per watt on average.The average solar panel system size in Fridley is around 7.2 kilowatts, meaning a cost of about $20,251 for a solar installation, or $28,959 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront investment in solar power is worth paying. On average Fridley homeowners see about $19,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Fridley
| Year | Return on Investment |
|---|---|
| 1 years | $-18,972 |
| 3 years | $-16,413 |
| 5 years | $-13,854 |
| 7 years | $-11,295 |
| 9 years | $-8,736 |
| 11 years | $-6,177 |
| 13 years | $-3,618 |
| 15 years | $-1,060 |
| 17 years | $1,499 |
| 19 years | $4,058 |
| 21 years | $6,617 |
| 23 years | $9,176 |
| 25 years | $11,735 |
Top Solar Installers in Fridley
Putting up solar panels on your own can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. Another great thing about choosing a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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
There are many criteria that can influence your 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 size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $4,030. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Fridley average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Fridley, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.Though solar loans make adopting solar energy more accessible for Fridley homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Fridley is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $12,307 | 14.7 years |
| 8 kW | $4.11 | $23,019 | $16,860 | 14.4 years |
| 10 kW | $4.03 | $28,210 | $21,640 | 14.1 years |
| 12 kW | $3.95 | $33,175 | $26,645 | 13.9 years |
| 14 kW | $3.87 | $37,914 | $31,875 | 13.6 years |
| 16 kW | $3.79 | $42,428 | $37,332 | 13.3 years |
| 18 kW | $3.71 | $46,716 | $43,014 | 13.0 years |
| 20 kW | $3.63 | $50,778 | $48,921 | 12.7 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:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which company you should choose, since different companies have access to different panels.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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
How much does it cost to install solar panels in Fridley?
The average cost of solar panels in Fridley 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Fridley?
Solar panels aren’t free in Fridley, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Fridley, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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.