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Top Solar Installers in Hopkins
Although you can install solar panels on your own, it involves extra energy and know-how. That's why almost all homeowners choose a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Hopkins, optimizing your ROI.
If you'd like to switch to solar energy but still aren't certain which solar company to go with, here are our suggestions for providers near you:
See all of the solar companies in Hopkins
Factors that Affect Solar Panel Costs in Hopkins
The cost of installing a solar system in Hopkins can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment Size
The size of the solar panel system you need for your home is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,840. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 over time on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Hopkins average.
Solar Financing Terms
Most solar installers in Hopkins have solar loans, which reduce your upfront costs of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Hopkins, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Hopkins know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$17,409||10.4 years|
|8 kW||$2.90||$16,222||$23,530||10.2 years|
|10 kW||$2.84||$19,880||$29,810||10.0 years|
|12 kW||$2.78||$23,379||$36,249||9.8 years|
|14 kW||$2.73||$26,719||$42,847||9.6 years|
|16 kW||$2.67||$29,900||$49,604||9.4 years|
|18 kW||$2.61||$32,921||$56,520||9.2 years|
|20 kW||$2.56||$35,784||$63,596||9.0 years|
Solar Incentives in Hopkins
How to Save on Solar Panels
There are a large number of companies to choose from in Hopkins, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before you sign a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
EcoWatch's Hopkins, MN Solar Cost FAQs
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.