Solar Panel Cost Guide in North Branch, MN (Oct 2022)

  • North Branch Solar Installation Cost: $14,353
  • 25-Year Savings: $24,010
  • Payback Period: 9.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in North Branch

See how much it might cost to make the switch to solar in North Branch.

The national average cost of solar panels is $2.66 per watt, but in North Branch it's $3 per watt. Using this figure, a typical 7.2 would cost about $14,353 before the 30% federal solar tax credit is applied.

These figures are just averages, and how much solar costs for you may differ based on factors unique to your home and what company you choose to go with. Despite the high upfront cost, the average North Branch homeowner can save about $20,000 on their energy bills over 20 years, which is one of the benefits of solar.

For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in North Branch

Year Return on Investment
1 years $-12,819
3 years $-9,750
5 years $-6,681
7 years $-3,612
9 years $-542
11 years $2,527
13 years $5,596
15 years $8,665
17 years $11,734
19 years $14,803
21 years $17,872
23 years $20,941
25 years $24,010

Top Solar Installers in North Branch

Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be challenging. The payback period of solar panels will vary depending on factors like your roof configuration and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.

If you're on the hunt for a solar company in North Branch, we've put together a list of our top suggestions here:

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 North Branch

Factors that Affect Solar Panel Costs in North Branch

The cost of installing a solar system in North Branch can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size. Solar power systems that have higher efficiency or power generation 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 brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many North Branch homeowners decide to finance their solar panel systems to make paying for solar more affordable. Even though solar loans make switching to solar energy more accessible for North Branch homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you opt for to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in North Branch, and each can charge varying amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a 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 $19,461 9.7 years
8 kW $2.90 $16,222 $26,266 9.5 years
10 kW $2.84 $19,880 $33,230 9.4 years
12 kW $2.78 $23,379 $40,353 9.2 years
14 kW $2.73 $26,719 $47,635 9.0 years
16 kW $2.67 $29,900 $55,076 8.8 years
18 kW $2.61 $32,921 $62,676 8.6 years
20 kW $2.56 $35,784 $70,435 8.4 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Warranty: If you're worried about the durability of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
  • Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.

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 North Branch, MN Solar Cost FAQs

What is the average cost of installing solar panels in North Branch?

The average cost of solar panels in North Branch 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 stuff like the kind 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 North Branch?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Does North Branch have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.

How long do solar panels last in North Branch?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce 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.

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