Solar Panel Cost Guide in Isanti, MN (Mar 2023)
- Isanti Solar Installation Cost: $14,254
- 25-Year Savings: $23,355
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Isanti
Find out what the average cost of solar panels are in Isanti.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Isanti, the typical cost of a solar system is 2.84 per watt. The average Isanti homeowner needs a 7.2-kilowatt system, which would cost about $14,254 with the federal tax credit, or $20,383 before the 30% tax credit is applied.
How much you pay can go higher or lower than the average in Isanti depending on several factors, such as the model of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $20,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Isanti
| Year | Return on Investment |
|---|---|
| 1 years | $-12,750 |
| 3 years | $-9,741 |
| 5 years | $-6,732 |
| 7 years | $-3,723 |
| 9 years | $-715 |
| 11 years | $2,294 |
| 13 years | $5,303 |
| 15 years | $8,311 |
| 17 years | $11,320 |
| 19 years | $14,329 |
| 21 years | $17,338 |
| 23 years | $20,346 |
| 25 years | $23,355 |
Top Solar Installers in Isanti
Putting up solar panels on your own can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for you.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
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
See all of the solar companies in Isanti
Factors that Affect Solar Panel Costs in Isanti
There are many factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable option because they cut back your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make switching to solar energy more accessible for Isanti homeowners, they can also increase 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
Lastly, the company you get to install your solar panels can affect the cost. Isanti's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Isanti have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $19,063 | 9.9 years |
| 8 kW | $2.90 | $16,222 | $25,735 | 9.7 years |
| 10 kW | $2.84 | $19,880 | $32,566 | 9.5 years |
| 12 kW | $2.78 | $23,379 | $39,557 | 9.3 years |
| 14 kW | $2.73 | $26,719 | $46,706 | 9.1 years |
| 16 kW | $2.67 | $29,900 | $54,015 | 8.9 years |
| 18 kW | $2.61 | $32,921 | $61,482 | 8.7 years |
| 20 kW | $2.56 | $35,784 | $69,109 | 8.5 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 pick the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should choose, since different companies offer different panels.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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
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
EcoWatch's Isanti, MN Solar Cost FAQs
What is the average cost of installing solar panels in Isanti?
This is a hard question to answer exactly, 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Isanti?
Solar panels aren't free in Isanti, 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.
Does Isanti have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Isanti?
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.