Solar Panel Cost Guide in Orono, MN (Dec 2022)

  • Orono Solar Installation Cost: $14,314
  • 25-Year Savings: $18,968
  • Payback Period: 10.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Orono

Find out what the average cost of solar panels are in Orono.

The national average cost of solar panels is $2.66 per watt, but in Orono it's $3 per watt. The average Orono homeowner needs a 7.2-kilowatt system, which would cost about $14,314, or $10,592 after the federal solar tax credit of 30% is applied.

Keep in mind that the figures above are only estimates based on the average Orono homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite 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 top solar installer in Orono that can help you get a more accurate cost estimate for your home.

Solar savings over time in Orono

Year Return on Investment
1 years $-12,982
3 years $-10,320
5 years $-7,657
7 years $-4,995
9 years $-2,332
11 years $330
13 years $2,993
15 years $5,655
17 years $8,318
19 years $10,981
21 years $13,643
23 years $16,306
25 years $18,968

Top Solar Installers in Orono

Putting up solar panels by yourself can be a time-consuming undertaking, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

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 Orono

Factors that Affect Solar Panel Costs in Orono

For many Orono homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Orono, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

System size is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar installers in Orono provide solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make switching to solar energy more accessible for Orono 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 last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Orono, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Orono are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $15,322 11.2 years
8 kW $2.90 $16,222 $20,748 11.0 years
10 kW $2.84 $19,880 $26,332 10.8 years
12 kW $2.78 $23,379 $32,076 10.5 years
14 kW $2.73 $26,719 $37,979 10.3 years
16 kW $2.67 $29,900 $44,040 10.1 years
18 kW $2.61 $32,921 $50,261 9.9 years
20 kW $2.56 $35,784 $56,641 9.7 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 find the right company for you, here are some tips to keep in mind:

  • Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
  • Reputation: Your solar installer should have a good 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 previous customers.
  • 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 brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
  • Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.

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 Orono, MN Solar Cost FAQs

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

The average cost of solar panels in Orono is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Orono?

A solar panel system isn't free in Orono, 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 can help lower the cost.

Is it worth going solar in Orono?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.

What solar power system size is right for my home?

To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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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