Solar Panel Cost Guide in Devils Lake, ND (2024 Update)
- Devils Lake Solar Installation Cost: $44,673
- 25-Year Savings: $35,644
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Devils Lake
See how much it might cost to install solar panels in Devils Lake.
In Devils Lake, solar panels cost about 4 per watt on average.Using this figure, a typical 17.8-kW system would cost about $44,673 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Devils Lake homeowner. 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.With typical savings of about $14,000 on power bills over 20 years, many homeowners in Devils Lake find installing solar panels can pay off big.
To get a free estimate from a vetted solar company in Devils Lake, you can click the button below.
Solar savings over time in Devils Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-43,461 |
| 3 years | $-41,038 |
| 5 years | $-38,614 |
| 7 years | $-36,190 |
| 9 years | $-33,767 |
| 11 years | $-31,343 |
| 13 years | $-28,920 |
| 15 years | $-26,496 |
| 17 years | $-24,073 |
| 19 years | $-21,649 |
| 21 years | $-19,226 |
| 23 years | $-16,802 |
| 25 years | $-14,378 |
Top Solar Installers in Devils Lake
Many homeowners decide to use a solar installation company since trying to put up solar panels by yourself can be time-consuming. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 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 Devils Lake
Factors that Affect Solar Panel Costs in Devils Lake
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use 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 $3,580.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Devils Lake, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Devils Lake homeowners decide to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you get to install your solar system can impact your pricing. Devils Lake’s solar companies all have different labor costs and add varying upcharges to 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 cost more. It’s best to do some research and find a company that has the products, warranties and services you want and also fits within 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 | $3.72 | $15,637 | $6,523 | 17.6 years |
| 8 kW | $3.65 | $20,449 | $9,099 | 17.3 years |
| 10 kW | $3.58 | $25,060 | $11,875 | 17.0 years |
| 12 kW | $3.51 | $29,471 | $14,851 | 16.6 years |
| 14 kW | $3.44 | $33,681 | $18,028 | 16.3 years |
| 16 kW | $3.37 | $37,690 | $21,405 | 15.9 years |
| 18 kW | $3.29 | $41,499 | $24,983 | 15.6 years |
| 20 kW | $3.22 | $45,108 | $28,761 | 15.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Devils Lake, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you need to get plays a part in which company you should choose, since different companies provide different panels.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
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 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 Devils Lake, ND Solar Cost FAQs
What is the average cost of installing solar panels in Devils Lake?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,900 for a 5-kW system and $35,800 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 usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.