Solar Panel Cost Guide in Lonsdale, MN (2023 Update)
- Lonsdale Solar Installation Cost: $14,254
- 25-Year Savings: $19,078
- Payback Period: 10.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Lonsdale
Find out what the average cost of installing solar panels is in Lonsdale.
While the national average of solar panels is $2.66 per watt, solar panels in Lonsdale typically cost around 2.84. Using this figure, a typical 7.2-kW system would cost about $14,254 before the 30% federal solar tax credit 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 consumption, the type of solar panels you choose, your solar contractor and more. For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Lonsdale see about $18,000 in savings on electricity bills over 20 years.
To receive a free quote from a vetted solar installation company in Lonsdale, you can click the button below.
Solar savings over time in Lonsdale
| Year | Return on Investment |
|---|---|
| 1 years | $-12,921 |
| 3 years | $-10,254 |
| 5 years | $-7,588 |
| 7 years | $-4,921 |
| 9 years | $-2,255 |
| 11 years | $412 |
| 13 years | $3,078 |
| 15 years | $5,745 |
| 17 years | $8,411 |
| 19 years | $11,078 |
| 21 years | $13,744 |
| 23 years | $16,411 |
| 25 years | $19,078 |
Top Solar Installers in Lonsdale
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some 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 Lonsdale
Factors that Affect Solar Panel Costs in Lonsdale
For many Lonsdale homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Lonsdale, 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
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,840. The type of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Lonsdale to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Lonsdale, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $2.95 | $12,405 | $15,489 | 11.1 years |
| 8 kW | $2.90 | $16,222 | $20,969 | 10.9 years |
| 10 kW | $2.84 | $19,880 | $26,609 | 10.7 years |
| 12 kW | $2.78 | $23,379 | $32,408 | 10.5 years |
| 14 kW | $2.73 | $26,719 | $38,366 | 10.3 years |
| 16 kW | $2.67 | $29,900 | $44,484 | 10.0 years |
| 18 kW | $2.61 | $32,921 | $50,760 | 9.8 years |
| 20 kW | $2.56 | $35,784 | $57,195 | 9.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Lonsdale, MN Solar Cost FAQs
What is the average cost of installing solar panels in Lonsdale?
This is a hard question to answer exactly, because the cost depends on many 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Lonsdale?
A solar panel system isn't free in Lonsdale, 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 you can take advantage of.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Lonsdale, 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.