Solar Panel Cost Guide in Pine Island, MN (2025 Update)
- Pine Island Solar Installation Cost: $20,348
- 25-Year Savings: $21,827
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Pine Island
We break down average solar pricing in Pine Island.
The average cost of a solar panel system in Pine Island is 4 per watt.The average Pine Island homeowner needs a 7.2-kilowatt system, which would cost about $20,348 with the federal tax credit, or $29,098 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more.With average savings of about $19,000 on utility bills over 20 years, many homeowners in Pine Island find going solar can be quite rewarding.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Pine Island
Year | Return on Investment |
---|---|
1 years | $-19,069 |
3 years | $-16,510 |
5 years | $-13,951 |
7 years | $-11,392 |
9 years | $-8,833 |
11 years | $-6,274 |
13 years | $-3,715 |
15 years | $-1,156 |
17 years | $1,403 |
19 years | $3,962 |
21 years | $6,520 |
23 years | $9,079 |
25 years | $11,638 |
Top Solar Installers in Pine Island
When making the switch to solar, many homeowners prefer to go with a solar company since putting up a solar system yourself can be a challenging project. 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.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Pine Island
Factors that Affect Solar Panel Costs in Pine Island
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Pine Island: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Additionally, 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 Pine Island have solar loans, which reduce the initial cost of installing solar panels.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence your pricing. Pine Island’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 | $4.19 | $17,603 | $12,481 | 14.6 years |
8 kW | $4.11 | $23,019 | $17,093 | 14.3 years |
10 kW | $4.03 | $28,210 | $21,931 | 14.1 years |
12 kW | $3.95 | $33,175 | $26,994 | 13.8 years |
14 kW | $3.87 | $37,914 | $32,283 | 13.5 years |
16 kW | $3.79 | $42,428 | $37,797 | 13.2 years |
18 kW | $3.71 | $46,716 | $43,538 | 12.9 years |
20 kW | $3.63 | $50,778 | $49,504 | 12.7 years |
How to Save on Solar Panels
There are a large number of companies available in Pine Island, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The brand of solar panel you want plays a part in which company you should go with, since different companies provide different panels.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Pine Island, MN Solar Cost FAQs
What is the average cost of installing solar panels in Pine Island?
The average cost of solar panels in Pine Island is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Pine Island have a net metering program?
Each state has some form 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 energy bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.