Solar Panel Cost Guide in Jordan, MN (2023 Update)
- Jordan Solar Installation Cost: $14,234
- 25-Year Savings: $19,097
- Payback Period: 10.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jordan
Find out what the average cost of a solar system is in Jordan.
The national average cost of solar panels is $2.66 per watt, but in Jordan it's 2.84 per watt. To cover the typical energy usage of the average home in Jordan, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $14,234, or $20,355 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Jordan see about $18,000 in savings on utility bills over 20 years.
To receive a free estimate from a pre-vetted solar installer in Jordan, you can click the button below.
Solar savings over time in Jordan
| Year | Return on Investment |
|---|---|
| 1 years | $-12,901 |
| 3 years | $-10,234 |
| 5 years | $-7,568 |
| 7 years | $-4,901 |
| 9 years | $-2,235 |
| 11 years | $432 |
| 13 years | $3,098 |
| 15 years | $5,765 |
| 17 years | $8,431 |
| 19 years | $11,098 |
| 21 years | $13,764 |
| 23 years | $16,431 |
| 25 years | $19,097 |
Top Solar Installers in Jordan
When going solar, many homeowners opt to go with a solar installer since installing solar panels yourself can be a difficult project. The expertise that solar companies provide can be helpful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our suggestions for providers near you:
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
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 Jordan
Factors that Affect Solar Panel Costs in Jordan
There are several criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,840 per kilowatt in Jordan. 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 choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Jordan average.
Solar Financing Terms
Most solar installers in Jordan have solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Jordan, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Jordan are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $15,530 | 11.1 years |
| 8 kW | $2.90 | $16,222 | $21,024 | 10.9 years |
| 10 kW | $2.84 | $19,880 | $26,678 | 10.7 years |
| 12 kW | $2.78 | $23,379 | $32,491 | 10.5 years |
| 14 kW | $2.73 | $26,719 | $38,462 | 10.2 years |
| 16 kW | $2.67 | $29,900 | $44,593 | 10.0 years |
| 18 kW | $2.61 | $32,921 | $50,883 | 9.8 years |
| 20 kW | $2.56 | $35,784 | $57,332 | 9.6 years |
How to Save on Solar Panels
There are many companies available in Jordan, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should choose, since different companies have access to different panels.
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
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 Jordan, MN Solar Cost FAQs
What is the average cost of installing solar panels in Jordan?
The average cost of solar panels in Jordan 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Jordan?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $931.16 per year.
How often do you have to replace solar panels?
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 how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.