Solar Panel Cost Guide in Hay Creek, ND (2024 Update)

  • Hay Creek Solar Installation Cost: $43,416
  • 25-Year Savings: $42,752
  • Payback Period: 15.1 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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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Hay Creek

See how much it might cost to switch to solar power in Hay Creek.

In Hay Creek, solar panels cost about 4 per watt on average.Since a 17.3-kW system is needed to cover the energy usage of a typical home in Hay Creek, the average price of going solar will be about $43,416 after claiming the federal solar tax credit of 0.

Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar system you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on utility bills.

For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Hay Creek

Year Return on Investment
1 years $-42,130
3 years $-39,559
5 years $-36,988
7 years $-34,417
9 years $-31,846
11 years $-29,275
13 years $-26,704
15 years $-24,133
17 years $-21,562
19 years $-18,990
21 years $-16,419
23 years $-13,848
25 years $-11,277

Top Solar Installers in Hay Creek

Although it's possible to install solar panels yourself, it involves extra labor and knowledge. Because of that, most homeowners choose a solar panel installer. The expertise that solar installers provide can be invaluable as well, especially if you aren’t sure what type of solar equipment would be right for your home.

You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:

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 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 Hay Creek

Factors that Affect Solar Panel Costs in Hay Creek

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Hay Creek: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,580.There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose 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

Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Hay Creek homeowners decide to finance their solar panel systems to make going solar more affordable.It’s wise 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 how long it’ll take to pay back the loan.

Solar Panel Installation Company

The solar company you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Hay Creek, and each can charge different amounts for labor and equipment.Additionally, some companies in Hay Creek are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.

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 $9,332 15.7 years
8 kW $3.65 $20,449 $12,844 15.4 years
10 kW $3.58 $25,060 $16,556 15.1 years
12 kW $3.51 $29,471 $20,469 14.8 years
14 kW $3.44 $33,681 $24,582 14.5 years
16 kW $3.37 $37,690 $28,896 14.2 years
18 kW $3.29 $41,499 $33,410 13.8 years
20 kW $3.22 $45,108 $38,125 13.5 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:

  • Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
  • 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 quality aftercare and customer service, such as part repairs and replacements.

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 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 Hay Creek, ND Solar Cost FAQs

How much does it cost to install solar panels in Hay Creek?

The average cost of solar panels in Hay Creek is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Hay Creek?

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

Is switching to solar power worth it?

Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.

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