Solar Panel Cost Guide in La Grand, MN (2025 Update)
- La Grand Solar Installation Cost: $19,912
- 25-Year Savings: $14,832
- Payback Period: 17.2 Years
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Average Cost of Solar Panels in La Grand
Find out what the average cost of a solar system is in La Grand.
While the national average of solar panels is $2.66 per watt, solar panels in La Grand generally cost around 4.Because a 7.1-kW system is needed to cover the energy costs of a typical home in La Grand, the average price of going solar will be about $19,912 after claiming the federal solar tax credit of 0.
These figures are only estimates, and how much solar costs for you may look different based on the amount of energy your home requires and what company you want to go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $16,000 over 20 years on utility bills.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized quote.
Solar savings over time in La Grand
| Year | Return on Investment |
|---|---|
| 1 years | $-18,950 |
| 3 years | $-17,025 |
| 5 years | $-15,100 |
| 7 years | $-13,176 |
| 9 years | $-11,251 |
| 11 years | $-9,327 |
| 13 years | $-7,402 |
| 15 years | $-5,477 |
| 17 years | $-3,553 |
| 19 years | $-1,628 |
| 21 years | $297 |
| 23 years | $2,221 |
| 25 years | $4,146 |
Top Solar Installers in La Grand
Installing solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Some solar companies, particularly local ones, can help you better understand incentives in La Grand, optimizing your ROI.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in La Grand
Factors that Affect Solar Panel Costs in La Grand
There are many criteria that can play into your solar system 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
When it comes to estimating the price of a solar system in La Grand, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $4,030 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in La Grand to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in La Grand, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $6,933 | 17.9 years |
| 8 kW | $4.11 | $23,019 | $9,695 | 17.6 years |
| 10 kW | $4.03 | $28,210 | $12,683 | 17.2 years |
| 12 kW | $3.95 | $33,175 | $15,896 | 16.9 years |
| 14 kW | $3.87 | $37,914 | $19,335 | 16.6 years |
| 16 kW | $3.79 | $42,428 | $23,000 | 16.2 years |
| 18 kW | $3.71 | $46,716 | $26,891 | 15.9 years |
| 20 kW | $3.63 | $50,778 | $31,007 | 15.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you need plays a role in which company you should opt for, since different companies have access to different panels.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
EcoWatch's La Grand, MN Solar Cost FAQs
How much does it cost to install solar panels in La Grand?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in La Grand?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in La Grand?
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 utility bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.