Solar Panel Cost Guide in Stewartville, MN (2024 Update)
- Stewartville Solar Installation Cost: $20,342
- 25-Year Savings: $22,635
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Stewartville
See how much it might cost to switch to solar power in Stewartville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Stewartville, the typical cost of solar panels is 4 per watt.The average Stewartville homeowner needs a 7.2-kilowatt system, which would cost about $20,342 with the federal tax credit, or $29,089 before the 0 tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on your specific situation and what company you go with.With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Stewartville find going solar can be quite rewarding.
To receive a free estimate from a highly rated solar installation company in Stewartville, you can click the button below.
Solar savings over time in Stewartville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,967 |
| 3 years | $-16,216 |
| 5 years | $-13,465 |
| 7 years | $-10,714 |
| 9 years | $-7,963 |
| 11 years | $-5,213 |
| 13 years | $-2,462 |
| 15 years | $289 |
| 17 years | $3,040 |
| 19 years | $5,791 |
| 21 years | $8,541 |
| 23 years | $11,292 |
| 25 years | $14,043 |
Top Solar Installers in Stewartville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make converting to solar power much easier. The payback period of solar panels will vary based on factors like your roof configuration and energy usage, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Stewartville
Factors that Affect Solar Panel Costs in Stewartville
The cost of installing a solar system in Stewartville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,030. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Stewartville, and each can charge varying amounts for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you’re looking for 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 | $4.19 | $17,603 | $13,158 | 14.3 years |
| 8 kW | $4.11 | $23,019 | $17,996 | 14.0 years |
| 10 kW | $4.03 | $28,210 | $23,059 | 13.8 years |
| 12 kW | $3.95 | $33,175 | $28,348 | 13.5 years |
| 14 kW | $3.87 | $37,914 | $33,863 | 13.2 years |
| 16 kW | $3.79 | $42,428 | $39,603 | 12.9 years |
| 18 kW | $3.71 | $46,716 | $45,569 | 12.7 years |
| 20 kW | $3.63 | $50,778 | $51,760 | 12.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- 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 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 Stewartville, MN Solar Cost FAQs
How much does it cost to install solar panels in Stewartville?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Stewartville?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Stewartville?
Although 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 how much energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.