Solar Panel Cost Guide in Minot AFB, ND (2024 Update)
- Minot AFB Solar Installation Cost: $44,313
- 25-Year Savings: $33,509
- Payback Period: 17.5 Years
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Average Cost of Solar Panels in Minot AFB
Let’s have a look at the average cost of solar in Minot AFB.
The average cost of a solar panel system in Minot AFB is 4 per watt.The average solar panel system size in Minot AFB 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.
These figures are just estimates, and your own solar costs will most likely look different based on your energy needs and what company you go with.With average savings of about $14,000 on energy bills over 20 years, many homeowners in Minot AFB find going solar can pay off big.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Minot AFB
| Year | Return on Investment |
|---|---|
| 1 years | $-43,032 |
| 3 years | $-40,472 |
| 5 years | $-37,911 |
| 7 years | $-35,350 |
| 9 years | $-32,789 |
| 11 years | $-30,228 |
| 13 years | $-27,667 |
| 15 years | $-25,107 |
| 17 years | $-22,546 |
| 19 years | $-19,985 |
| 21 years | $-17,424 |
| 23 years | $-14,863 |
| 25 years | $-12,302 |
Top Solar Installers in Minot AFB
When making the switch to solar, many homeowners prefer to use a solar installation company since putting up a solar system yourself can be a challenging project. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers near you:
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 Minot AFB
Factors that Affect Solar Panel Costs in Minot AFB
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Minot AFB: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, 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. The kind of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Minot AFB offer solar loans, which reduce your upfront costs of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can affect how much it costs. Minot AFB’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $5,897 | 18.2 years |
| 8 kW | $3.65 | $20,449 | $8,263 | 17.8 years |
| 10 kW | $3.58 | $25,060 | $10,830 | 17.5 years |
| 12 kW | $3.51 | $29,471 | $13,598 | 17.1 years |
| 14 kW | $3.44 | $33,681 | $16,566 | 16.8 years |
| 16 kW | $3.37 | $37,690 | $19,734 | 16.4 years |
| 18 kW | $3.29 | $41,499 | $23,103 | 16.1 years |
| 20 kW | $3.22 | $45,108 | $26,672 | 15.7 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Minot AFB, ND Solar Cost FAQs
What is the average cost of installing solar panels in Minot AFB?
This is a hard question to answer exactly, because the cost depends on a few different 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Minot AFB?
You can’t get solar panels for free in Minot AFB. 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.
How much can I save on electricity bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Minot AFB, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.