Solar Panel Cost Guide in Worthington, MN (2024 Update)
- Worthington Solar Installation Cost: $19,865
- 25-Year Savings: $15,315
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Worthington
We go over average solar pricing in Worthington.
The average cost of a solar panel system in Worthington is 4 per watt.Because a 7.0-kW system is needed to cover the energy usage of a typical home in Worthington, the average price of going solar will be about $19,865 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Worthington homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Worthington
| Year | Return on Investment |
|---|---|
| 1 years | $-18,936 |
| 3 years | $-17,077 |
| 5 years | $-15,219 |
| 7 years | $-13,360 |
| 9 years | $-11,502 |
| 11 years | $-9,643 |
| 13 years | $-7,785 |
| 15 years | $-5,926 |
| 17 years | $-4,068 |
| 19 years | $-2,209 |
| 21 years | $-351 |
| 23 years | $1,508 |
| 25 years | $3,366 |
Top Solar Installers in Worthington
Many homeowners decide to use a solar installer since figuring out how to install solar panels by yourself can be a lot of work. Another upside of going with a solar company is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 Worthington
Factors that Affect Solar Panel Costs in Worthington
There are several factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $4,030 per kilowatt in Worthington.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 have a higher price tag 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 more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Worthington provide solar loans, which reduce the initial cost of installing a solar system.Though solar loans make adopting solar energy more accessible for Worthington homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Worthington, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $7,374 | 17.6 years |
| 8 kW | $4.11 | $23,019 | $10,284 | 17.3 years |
| 10 kW | $4.03 | $28,210 | $13,419 | 16.9 years |
| 12 kW | $3.95 | $33,175 | $16,780 | 16.6 years |
| 14 kW | $3.87 | $37,914 | $20,366 | 16.3 years |
| 16 kW | $3.79 | $42,428 | $24,178 | 15.9 years |
| 18 kW | $3.71 | $46,716 | $28,216 | 15.6 years |
| 20 kW | $3.63 | $50,778 | $32,480 | 15.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should choose, since different companies offer different panels.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
Best National Provider
SunPower
- 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
- 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 Worthington, MN Solar Cost FAQs
How much does it cost to install solar panels in Worthington?
The average cost of solar panels in Worthington 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Worthington?
You can’t get solar panels for free in Worthington. However, you may still be able to get 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.
Is it worth going solar in Worthington?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.