Solar Panel Cost Guide in Rogers, MN (2024 Update)
- Rogers Solar Installation Cost: $20,316
- 25-Year Savings: $19,619
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Rogers
See how much it might cost to install solar panels in Rogers.
In Rogers, solar panels cost about 4 per watt on average.Using this figure, a typical 7.2-kW system would cost about $20,316 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.With average savings of about $18,000 on utility bills over 20 years, many homeowners in Rogers find investing in solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar installer in Rogers that can help you get a more accurate cost estimate for your home.
Solar savings over time in Rogers
| Year | Return on Investment |
|---|---|
| 1 years | $-19,037 |
| 3 years | $-16,478 |
| 5 years | $-13,919 |
| 7 years | $-11,360 |
| 9 years | $-8,801 |
| 11 years | $-6,242 |
| 13 years | $-3,684 |
| 15 years | $-1,125 |
| 17 years | $1,434 |
| 19 years | $3,993 |
| 21 years | $6,552 |
| 23 years | $9,111 |
| 25 years | $11,670 |
Top Solar Installers in Rogers
When making the switch to solar, many homeowners decide to hire a solar company since putting up solar panels yourself can be a challenging project. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers near you:
See all of the solar companies in Rogers
Factors that Affect Solar Panel Costs in Rogers
The cost of installing a solar system in Rogers can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use 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 $4,030.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. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Rogers have solar loans, which reduce your upfront costs of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Rogers, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Rogers know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $4.19 | $17,603 | $10,670 | 15.6 years |
| 8 kW | $4.11 | $23,019 | $14,678 | 15.3 years |
| 10 kW | $4.03 | $28,210 | $18,912 | 15.0 years |
| 12 kW | $3.95 | $33,175 | $23,371 | 14.7 years |
| 14 kW | $3.87 | $37,914 | $28,056 | 14.4 years |
| 16 kW | $3.79 | $42,428 | $32,967 | 14.1 years |
| 18 kW | $3.71 | $46,716 | $38,104 | 13.8 years |
| 20 kW | $3.63 | $50,778 | $43,466 | 13.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
EcoWatch's Rogers, MN Solar Cost FAQs
What is the average cost of installing solar panels in Rogers?
The average cost of solar panels in Rogers 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Rogers?
You can’t get solar panels for free in Rogers. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
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 Rogers is currently $451,239, so you could be looking at a value of about $18,501 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Rogers is a fruitful investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.