Solar Panel Cost Guide in Minot, ND (2025 Update)
- Minot Solar Installation Cost: $44,313
- 25-Year Savings: $33,469
- Payback Period: 17.5 Years
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Average Cost of Solar Panels in Minot
Find out what the average cost of solar panel installation is in Minot.
While the national average of solar panels is $2.66 per watt, solar panels in Minot typically cost about 4.The average solar panel system size in Minot is around 17.7 kilowatts, meaning a cost of about $44,313 for a solar installation, or $63,368 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you want, your solar contractor and more.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Minot can save around $14,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Minot
| Year | Return on Investment |
|---|---|
| 1 years | $-43,040 |
| 3 years | $-40,495 |
| 5 years | $-37,949 |
| 7 years | $-35,403 |
| 9 years | $-32,858 |
| 11 years | $-30,312 |
| 13 years | $-27,767 |
| 15 years | $-25,221 |
| 17 years | $-22,675 |
| 19 years | $-20,130 |
| 21 years | $-17,584 |
| 23 years | $-15,039 |
| 25 years | $-12,493 |
Top Solar Installers in Minot
Although you can install solar panels on your own, it requires extra effort and handiness. For that reason, almost all homeowners choose to hire a solar panel installer. Another great thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you're searching for a solar company in Minot, we've organized a list of our top suggestions here:
See all of the solar companies in Minot
Factors that Affect Solar Panel Costs in Minot
Though the average cost of a solar system in Minot is $44,313, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your home, 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 nearly $3,580. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Minot have solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your total costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Minot, you’ll have a great number of options to choose from, but each comes at various price points 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 with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also is 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 | $5,883 | 18.2 years |
| 8 kW | $3.65 | $20,449 | $8,245 | 17.8 years |
| 10 kW | $3.58 | $25,060 | $10,807 | 17.5 years |
| 12 kW | $3.51 | $29,471 | $13,570 | 17.1 years |
| 14 kW | $3.44 | $33,681 | $16,533 | 16.8 years |
| 16 kW | $3.37 | $37,690 | $19,697 | 16.4 years |
| 18 kW | $3.29 | $41,499 | $23,062 | 16.1 years |
| 20 kW | $3.22 | $45,108 | $26,626 | 15.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
EcoWatch's Minot, ND Solar Cost FAQs
What is the average cost of installing solar panels in Minot?
This is a tough question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Minot?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels eliminate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Minot, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of 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 continue to use 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.