Solar Panel Cost Guide in Morris, MN (2024 Update)
- Morris Solar Installation Cost: $19,859
- 25-Year Savings: $16,347
- Payback Period: 16.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Morris
Find out what the average cost of installing solar panels is in Morris.
The national average cost of solar panels is $2.66 per watt, but in Morris it’s 4 per watt.The average Morris homeowner needs a 7.0-kilowatt system, which would cost about $19,859 with the federal tax credit, or $28,398 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what company you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on power bills.
To receive a free estimate from a vetted solar installation company in Morris, you can click the button below.
Solar savings over time in Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-18,897 |
| 3 years | $-16,972 |
| 5 years | $-15,047 |
| 7 years | $-13,123 |
| 9 years | $-11,198 |
| 11 years | $-9,274 |
| 13 years | $-7,349 |
| 15 years | $-5,424 |
| 17 years | $-3,500 |
| 19 years | $-1,575 |
| 21 years | $350 |
| 23 years | $2,274 |
| 25 years | $4,199 |
Top Solar Installers in Morris
When going solar, many homeowners opt to use a solar installer since overseeing your solar installation yourself can be a time-consuming project. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're searching for a solar installer in Morris, the EcoWatch team has compiled a list of our top suggestions here:
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 Morris
Factors that Affect Solar Panel Costs in Morris
While the average cost of a solar system in Morris is $19,859, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,030. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.While solar loans make switching to solar energy more accessible for Morris homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can affect your pricing. Morris’s solar companies all have different labor costs and add varying upcharges to equipment. You may see 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 larger companies.
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 | $8,258 | 17.0 years |
| 8 kW | $4.11 | $23,019 | $11,462 | 16.7 years |
| 10 kW | $4.03 | $28,210 | $14,892 | 16.4 years |
| 12 kW | $3.95 | $33,175 | $18,547 | 16.0 years |
| 14 kW | $3.87 | $37,914 | $22,428 | 15.7 years |
| 16 kW | $3.79 | $42,428 | $26,535 | 15.4 years |
| 18 kW | $3.71 | $46,716 | $30,867 | 15.1 years |
| 20 kW | $3.63 | $50,778 | $35,425 | 14.7 years |
How to Save on Solar Panels
The company that does your solar 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 difficult, we have some tips to help you, such as:
- 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 likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
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 Morris, MN Solar Cost FAQs
How much does it cost to install solar panels in Morris?
This is a hard 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your home value?
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 Morris is currently $205,422, so you can expect a value of about $8,422 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Morris is a rewarding investment.
How long do solar panels last in Morris?
Though 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.