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

  • Orrock Solar Installation Cost: $14,234
  • 25-Year Savings: $20,423
  • Payback Period: 10.3 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 Orrock

Let's have a look at the average cost of solar panels in Orrock.

While the national average of solar panels is $2.66 per watt, solar panels in Orrock generally cost around $3. The average Orrock homeowner needs a 7.2-kilowatt system, which would cost about $14,234, or $10,533 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy consumption and what solar installer you go with. Even with the high initial cost, the average Orrock homeowner can save around $18,000 on their energy bills over 20 years, which is one of the perks of solar.

Click the button below to get connected to a top solar installer in your area for a customized estimate.

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

When switching to solar energy, many homeowners choose to go with a solar installer since handling can be a difficult project. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.

If you're looking for a solar installer in Orrock, we've compiled 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 Orrock

Factors that Affect Solar Panel Costs in Orrock

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

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,840. The brand of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Orrock to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Orrock, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.

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

Since the type of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
  • Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
  • Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
  • Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.

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 Orrock, MN Solar Cost FAQs

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

This is a hard question to answer precisely, because the cost depends on many 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

What other factors should I consider apart from cost 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 your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.

How will having solar panels impact my property value?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Orrock is currently $235,185, which means you could be looking at a value of about $9,643 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Orrock is a worthwhile investment.

How long do solar panels last in Orrock?

Even 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 opt to replace them once you've had them for that long or you can continue to use 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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