Solar Panel Cost Guide in Maplewood, MN (2024 Update)
- Maplewood Solar Installation Cost: $20,356
- 25-Year Savings: $21,945
- Payback Period: 14.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Maplewood
Find out what the average cost of a solar system is in Maplewood.
The national average cost of solar panels is $2.66 per watt, but in Maplewood it’s 4 per watt.Using this figure, a typical 7.2-kW system would cost about $20,356 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Maplewood based on several factors, such as the model of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on power bills.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Maplewood
Year | Return on Investment |
---|---|
1 years | $-19,076 |
3 years | $-16,518 |
5 years | $-13,959 |
7 years | $-11,400 |
9 years | $-8,841 |
11 years | $-6,282 |
13 years | $-3,723 |
15 years | $-1,164 |
17 years | $1,395 |
19 years | $3,954 |
21 years | $6,513 |
23 years | $9,071 |
25 years | $11,630 |
Top Solar Installers in Maplewood
When making the switch to solar, many homeowners opt to hire a solar installation company since putting up a solar system yourself can be a time-consuming project. Some solar companies, especially local ones, can help you better understand incentives in Maplewood, therefore optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Maplewood
Factors that Affect Solar Panel Costs in Maplewood
For many Maplewood homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Maplewood, 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Maplewood average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Maplewood homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $12,572 | 14.6 years |
8 kW | $4.11 | $23,019 | $17,214 | 14.3 years |
10 kW | $4.03 | $28,210 | $22,081 | 14.0 years |
12 kW | $3.95 | $33,175 | $27,175 | 13.7 years |
14 kW | $3.87 | $37,914 | $32,494 | 13.5 years |
16 kW | $3.79 | $42,428 | $38,038 | 13.2 years |
18 kW | $3.71 | $46,716 | $43,809 | 12.9 years |
20 kW | $3.63 | $50,778 | $49,805 | 12.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which model 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: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Maplewood, MN Solar Cost FAQs
What is the average cost of installing solar panels in Maplewood?
The average cost of solar panels in Maplewood is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Maplewood is currently $328,552, which means you can look forward to a value of about $13,471 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Maplewood is a worthwhile investment.
How often do you have to replace solar panels?
Although 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 their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.