Solar Panel Cost Guide in St Anthony, MN (Mar 2023)
- St Anthony Solar Installation Cost: $14,333
- 25-Year Savings: $21,453
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in St Anthony
Here's how much it might cost to switch to solar power in St Anthony.
Currently, the national average cost of solar panels is $2.66 per watt. However, in St Anthony, the typical cost of solar panels is 2.84 per watt. Because a 7.2-kW system is needed to cover the energy usage of a typical home in St Anthony, the average price of going solar will be about $14,333 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in St Anthony
| Year | Return on Investment |
|---|---|
| 1 years | $-12,902 |
| 3 years | $-10,039 |
| 5 years | $-7,176 |
| 7 years | $-4,313 |
| 9 years | $-1,451 |
| 11 years | $1,412 |
| 13 years | $4,275 |
| 15 years | $7,138 |
| 17 years | $10,001 |
| 19 years | $12,864 |
| 21 years | $15,727 |
| 23 years | $18,590 |
| 25 years | $21,453 |
Top Solar Installers in St Anthony
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make swapping over to solar power much easier. The expertise that solar installers provide can be valuable as well, especially if you aren't sure what brand of solar equipment you need.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers nearby:
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
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
See all of the solar companies in St Anthony
Factors that Affect Solar Panel Costs in St Anthony
Though the average cost of a solar system in St Anthony is $14,333, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like St Anthony, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in St Anthony, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in St Anthony is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services at different price points. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,380 | 10.4 years |
| 8 kW | $2.90 | $16,222 | $23,491 | 10.2 years |
| 10 kW | $2.84 | $19,880 | $29,762 | 10.0 years |
| 12 kW | $2.78 | $23,379 | $36,191 | 9.8 years |
| 14 kW | $2.73 | $26,719 | $42,780 | 9.6 years |
| 16 kW | $2.67 | $29,900 | $49,527 | 9.4 years |
| 18 kW | $2.61 | $32,921 | $56,434 | 9.2 years |
| 20 kW | $2.56 | $35,784 | $63,499 | 9.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in St Anthony, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: Although reading through a contract can be tedious, 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.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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
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
EcoWatch's St Anthony, MN Solar Cost FAQs
How much does it cost to install solar panels in St Anthony?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $992.83 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 account for 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.