Solar Panel Cost Guide in Lindstrom, MN (2023 Update)
- Lindstrom Solar Installation Cost: $14,360
- 25-Year Savings: $22,793
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lindstrom
See how much it might cost to go solar in Lindstrom.
The national average cost of solar panels is $2.66 per watt, but in Lindstrom it's 2.84 per watt. To cover the typical energy usage of the average home in Lindstrom, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,353, or $20,525 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Many homeowners find going solar is a sound investment. The average homeowner in Lindstrom can save about $20,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Lindstrom that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lindstrom
| Year | Return on Investment |
|---|---|
| 1 years | $-13,081 |
| 3 years | $-10,522 |
| 5 years | $-7,963 |
| 7 years | $-5,404 |
| 9 years | $-2,845 |
| 11 years | $-286 |
| 13 years | $2,273 |
| 15 years | $4,831 |
| 17 years | $7,390 |
| 19 years | $9,949 |
| 21 years | $12,508 |
| 23 years | $15,067 |
| 25 years | $17,626 |
Top Solar Installers in Lindstrom
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be hard. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Lindstrom, the EcoWatch team has organized a list of our top suggestions here:
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 Lindstrom
Factors that Affect Solar Panel Costs in Lindstrom
The cost of installing a solar system in Lindstrom can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Lindstrom, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $2,840 for each additional kilowatt you need. The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Lindstrom homeowners decide to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Lindstrom, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $18,455 | 10.0 years |
| 8 kW | $2.90 | $16,222 | $24,925 | 9.9 years |
| 10 kW | $2.84 | $19,880 | $31,554 | 9.7 years |
| 12 kW | $2.78 | $23,379 | $38,342 | 9.5 years |
| 14 kW | $2.73 | $26,719 | $45,289 | 9.3 years |
| 16 kW | $2.67 | $29,900 | $52,394 | 9.1 years |
| 18 kW | $2.61 | $32,921 | $59,659 | 8.9 years |
| 20 kW | $2.56 | $35,784 | $67,083 | 8.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Lindstrom, 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:
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
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 Lindstrom, MN Solar Cost FAQs
How much does it cost to install solar panels in Lindstrom?
The average cost of solar panels in Lindstrom is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lindstrom?
You can't get solar panels for free in Lindstrom. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Lindstrom, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Lindstrom?
On average, solar panels can last 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 higher level 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.