Solar Panel Cost Guide in Shoreview, MN (2024 Update)

  • Shoreview Solar Installation Cost: $20,356
  • 25-Year Savings: $21,441
  • Payback Period: 14.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in Shoreview

We go over average solar pricing in Shoreview.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Shoreview, the average cost of a solar system is 4 per watt.The average Shoreview homeowner needs a 7.2-kilowatt system, which would cost about $20,356 with the federal tax credit, or $29,109 before the 0 tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Shoreview homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Shoreview see about $19,000 in savings on electricity bills over 20 years.

Click the button below to get connected to a vetted solar panel company in Shoreview for a customized estimate.

Solar savings over time in Shoreview

Year Return on Investment
1 years $-19,076
3 years $-16,518
5 years $-13,959
7 years $-11,400
9 years $-8,841
11 years $-6,282
13 years $-3,723
15 years $-1,164
17 years $1,395
19 years $3,954
21 years $6,513
23 years $9,071
25 years $11,630

Top Solar Installers in Shoreview

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.

If you're looking for a solar installer in Shoreview, we've organized 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 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

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Shoreview

Factors that Affect Solar Panel Costs in Shoreview

There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Shoreview, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $4,030 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. Plus, 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

For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Shoreview, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The solar installer you select will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 $4.19 $17,603 $12,153 14.8 years
8 kW $4.11 $23,019 $16,655 14.5 years
10 kW $4.03 $28,210 $21,383 14.2 years
12 kW $3.95 $33,175 $26,337 13.9 years
14 kW $3.87 $37,914 $31,517 13.7 years
16 kW $3.79 $42,428 $36,922 13.4 years
18 kW $3.71 $46,716 $42,552 13.1 years
20 kW $3.63 $50,778 $48,409 12.8 years

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose has an impact on 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:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
  • Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.

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 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

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Shoreview, MN Solar Cost FAQs

How much does it cost to install solar panels in Shoreview?

The average cost of solar panels in Shoreview is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Shoreview?

A solar panel system isn’t free in Shoreview, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How will solar panels impact my property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Shoreview is currently $400,367, which means you can look forward to a value of about $16,415 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Shoreview is a rewarding investment.

How long do solar panels last in Shoreview?

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 larger 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.

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