Solar Panel Cost Guide in Orrock, MN (2023 Update)
- Orrock Solar Installation Cost: $14,234
- 25-Year Savings: $20,423
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Orrock
Let's take a look at the average cost of solar in Orrock.
The average cost of a solar panel system in Orrock is 2.84 per watt. The average solar panel system size in Orrock is around 7.2 kilowatts, meaning a cost of about $14,234 for a solar installation, or $20,355 before the 30% federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you want to go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Orrock find installing solar panels can be quite rewarding.
To get a free quote from a vetted solar installation company in Orrock, you can click the button below.
Solar savings over time in Orrock
| Year | Return on Investment |
|---|---|
| 1 years | $-12,848 |
| 3 years | $-10,075 |
| 5 years | $-7,303 |
| 7 years | $-4,530 |
| 9 years | $-1,758 |
| 11 years | $1,015 |
| 13 years | $3,788 |
| 15 years | $6,560 |
| 17 years | $9,333 |
| 19 years | $12,105 |
| 21 years | $14,878 |
| 23 years | $17,650 |
| 25 years | $20,423 |
Top Solar Installers in Orrock
Trying to put up solar panels by yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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
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
See all of the solar companies in Orrock
Factors that Affect Solar Panel Costs in Orrock
The cost of installing a solar system in Orrock can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,840. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
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 Orrock homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $16,637 | 10.7 years |
| 8 kW | $2.90 | $16,222 | $22,501 | 10.5 years |
| 10 kW | $2.84 | $19,880 | $28,524 | 10.3 years |
| 12 kW | $2.78 | $23,379 | $34,706 | 10.1 years |
| 14 kW | $2.73 | $26,719 | $41,047 | 9.9 years |
| 16 kW | $2.67 | $29,900 | $47,547 | 9.7 years |
| 18 kW | $2.61 | $32,921 | $54,206 | 9.4 years |
| 20 kW | $2.56 | $35,784 | $61,024 | 9.2 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 models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
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
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
EcoWatch's Orrock, MN Solar Cost FAQs
What is the average cost of installing solar panels in Orrock?
The average cost of solar panels in Orrock 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Orrock?
Solar panels aren't free in Orrock, but there are some options that can make getting them more viable, 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 going solar worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.