Solar Panel Cost Guide in Rosemount, MN (2023 Update)
- Rosemount Solar Installation Cost: $14,292
- 25-Year Savings: $20,405
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rosemount
Find out what the average cost of installing solar panels is in Rosemount.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rosemount, the typical cost of a solar system is 2.84 per watt. The average solar panel system size in Rosemount is around 7.2 kilowatts, meaning a cost of about $14,294 for a solar installation, or $20,440 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Rosemount homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Rosemount see about $18,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Rosemount
| Year | Return on Investment |
|---|---|
| 1 years | $-13,013 |
| 3 years | $-10,454 |
| 5 years | $-7,895 |
| 7 years | $-5,336 |
| 9 years | $-2,777 |
| 11 years | $-218 |
| 13 years | $2,341 |
| 15 years | $4,900 |
| 17 years | $7,459 |
| 19 years | $10,017 |
| 21 years | $12,576 |
| 23 years | $15,135 |
| 25 years | $17,694 |
Top Solar Installers in Rosemount
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar company can make your switch to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for you.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Rosemount:
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
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
See all of the solar companies in Rosemount
Factors that Affect Solar Panel Costs in Rosemount
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need 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 $2,840. The brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Rosemount offer solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your all-in costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Rosemount, you'll have many options to choose from, but each comes at various price points for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also fit into your budget.
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 | $16,552 | 10.7 years |
| 8 kW | $2.90 | $16,222 | $22,388 | 10.5 years |
| 10 kW | $2.84 | $19,880 | $28,383 | 10.3 years |
| 12 kW | $2.78 | $23,379 | $34,536 | 10.1 years |
| 14 kW | $2.73 | $26,719 | $40,849 | 9.9 years |
| 16 kW | $2.67 | $29,900 | $47,321 | 9.7 years |
| 18 kW | $2.61 | $32,921 | $53,952 | 9.5 years |
| 20 kW | $2.56 | $35,784 | $60,741 | 9.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Rosemount, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
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
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
EcoWatch's Rosemount, MN Solar Cost FAQs
How much does it cost to install solar panels in Rosemount?
This is a hard question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Rosemount?
You can't get solar panels for free in Rosemount. 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'd rather own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.