Solar Panel Cost Guide in Little Canada, MN (Dec 2022)

  • Little Canada Solar Installation Cost: $14,353
  • 25-Year Savings: $21,852
  • Payback Period: 9.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Little Canada

Let's have a look at the average cost of solar in Little Canada.

Although the national average of solar panels is $2.66 per watt, solar panels in Little Canada generally cost around $3. The average solar panel system size in Little Canada is around 7.2 kilowatts, meaning a cost of about $14,353 for a solar installation, or $10,621 after the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Little Canada homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the large upfront cost, the average Little Canada homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the benefits of solar.

Click the button below to get connected to a vetted solar installer in Little Canada for a personalized quote.

Solar savings over time in Little Canada

Year Return on Investment
1 years $-12,905
3 years $-10,009
5 years $-7,112
7 years $-4,216
9 years $-1,319
11 years $1,577
13 years $4,474
15 years $7,370
17 years $10,267
19 years $13,163
21 years $16,059
23 years $18,956
25 years $21,852

Top Solar Installers in Little Canada

Many homeowners decide to use a solar panel company since installing solar panels on your own can be a labor-intensive endeavor. The expertise that solar installers provide can be invaluable as well, particularly if you don't quite know what kind of solar equipment you need.

If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • 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 Little Canada

Factors that Affect Solar Panel Costs in Little Canada

For many Little Canada homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Little Canada, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of solar panels in Little Canada, one of the most crucial 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 usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $2,840 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar companies in Little Canada provide solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also increases your overall costs, so it's important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installation company you choose will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Some companies 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 at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fit into 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 $17,700 10.3 years
8 kW $2.90 $16,222 $23,918 10.1 years
10 kW $2.84 $19,880 $30,295 9.9 years
12 kW $2.78 $23,379 $36,831 9.7 years
14 kW $2.73 $26,719 $43,526 9.5 years
16 kW $2.67 $29,900 $50,381 9.3 years
18 kW $2.61 $32,921 $57,394 9.1 years
20 kW $2.56 $35,784 $64,566 8.9 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should go with, since different companies provide different panels.
  • Reputation: Long-running companies likely have a high 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 service, such as part repairs and replacements.
  • Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
  • Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Little Canada, MN Solar Cost FAQs

What is the average cost of installing solar panels in Little Canada?

The average cost of solar panels in Little Canada 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Little Canada?

Leasing solar panels can be an appealing choice, because it typically 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

Can solar panels completely eradicate my power bills?

Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,003.50 per year.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know 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 home 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.

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.

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