Solar Panel Cost Guide in Nowthen, MN (Sep 2022)

  • Nowthen Solar Installation Cost: $14,274
  • 25-Year Savings: $20,059
  • Payback Period: 10.4 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 Nowthen

Here's how much it might cost to install solar panels in Nowthen.

In Nowthen, solar panels cost about $3 per watt on average. The average solar panel system size in Nowthen is around 7.2 kilowatts, meaning a cost of about $14,274 for a solar installation, or $10,563 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary quite a bit based 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 fruitful, with a net average savings of about $18,000 over 20 years on electricity bills.

You can click the button below to get connected with a pre-vetted solar company in Nowthen that can help you get a more accurate cost estimate for your home.

Solar savings over time in Nowthen

Year Return on Investment
1 years $-12,901
3 years $-10,154
5 years $-7,407
7 years $-4,661
9 years $-1,914
11 years $833
13 years $3,579
15 years $6,326
17 years $9,072
19 years $11,819
21 years $14,566
23 years $17,312
25 years $20,059

Top Solar Installers in Nowthen

Many homeowners opt for a solar panel installer since installing solar panels yourself can be hard. The expertise that solar companies provide can be invaluable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.

Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:

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

The Green Panel

★★★★★
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 Nowthen

Factors that Affect Solar Panel Costs in Nowthen

There are a number of factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment Size

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size. Solar power systems that have greater 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. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Nowthen homeowners opt to finance their solar panel systems to offset upfront costs. Although solar loans make switching to solar energy more accessible for Nowthen homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you hire to install your solar system can affect your pricing. Nowthen's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of 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 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 $2.95 $12,405 $16,290 10.8 years
8 kW $2.90 $16,222 $22,038 10.6 years
10 kW $2.84 $19,880 $27,945 10.4 years
12 kW $2.78 $23,379 $34,012 10.2 years
14 kW $2.73 $26,719 $40,237 10.0 years
16 kW $2.67 $29,900 $46,621 9.8 years
18 kW $2.61 $32,921 $53,164 9.6 years
20 kW $2.56 $35,784 $59,867 9.4 years

Solar Incentives in Nowthen

Name Solar Energy Sales Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Wind and Solar-Electric (PV) Systems Exemption
More Info Click here

Name Xcel Energy - Solar*Rewards Program
Website Visit here
More Info Click here

Name Wind Energy Sales Tax Exemption
Incentive Amount 100% of sales tax
More Info Click here

Name Xcel Energy (Electric and Gas) - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Brainerd Public Utilities - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Xcel Energy - Renewable Development Fund Grants
Incentive Amount Varies
Website Visit here
More Info Click here

Name Connexus Energy - Residential Energy Efficiency Loan Program
Website Visit here
More Info Click here

Name Connexus Energy - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Great River Energy (28 Member Cooperatives) - Energy Wise Residential Efficiency Rebates
Website Visit here
More Info Click here

Name Elk River Municipal Utilities - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Wright-Hennepin Cooperative Electric Association - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Home Energy Loan Program
Incentive Amount $20,000
Website Visit here
More Info Click here

Name Fix-Up Loan
Website Visit here
More Info Click here

Name Renewable Energy Production Incentive
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:

  • Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which kind 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 peruse their list of options before making your decision.
  • Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good 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

The Green Panel

★★★★★
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 Nowthen, MN Solar Cost FAQs

What is the average cost of installing solar panels in Nowthen?

This is a hard question to answer precisely, because the cost depends on a variety of 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Nowthen?

Leasing solar panels can be an appealing choice, as it often 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Does Nowthen 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 give you credit toward your future utility bills.

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 the average daily sunlight your roof gets. You can take a 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 install between 20 and 35 panels to account for 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.

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