Solar Panel Cost Guide in Aberdeen, SD (2023 Update)
- Aberdeen Solar Installation Cost: $14,837
- 25-Year Savings: $21,865
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Aberdeen
Let's have a look at the average cost of solar in Aberdeen.
The average cost of a solar panel system in Aberdeen is 2.39 per watt. Using this figure, a typical 8.9-kW system would cost about $14,840 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely look different based on your specific situation and what company you choose to go with. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Aberdeen can save about $16,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a customized estimate.
Solar savings over time in Aberdeen
| Year | Return on Investment |
|---|---|
| 1 years | $-13,487 |
| 3 years | $-10,786 |
| 5 years | $-8,085 |
| 7 years | $-5,384 |
| 9 years | $-2,684 |
| 11 years | $17 |
| 13 years | $2,718 |
| 15 years | $5,419 |
| 17 years | $8,119 |
| 19 years | $10,820 |
| 21 years | $13,521 |
| 23 years | $16,222 |
| 25 years | $18,922 |
Top Solar Installers in Aberdeen
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make switching to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Aberdeen, the EcoWatch team has organized a list of our top suggestions here:
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 Aberdeen
Factors that Affect Solar Panel Costs in Aberdeen
While the average cost of a solar system in Aberdeen is $14,840, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Aberdeen, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's crucial to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Aberdeen, and each can charge varying amounts for labor and equipment. Additionally, some companies in Aberdeen have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.49 | $10,440 | $14,391 | 10.5 years |
| 8 kW | $2.44 | $13,652 | $19,456 | 10.3 years |
| 10 kW | $2.39 | $16,730 | $24,654 | 10.1 years |
| 12 kW | $2.34 | $19,674 | $29,986 | 9.9 years |
| 14 kW | $2.29 | $22,485 | $35,452 | 9.7 years |
| 16 kW | $2.25 | $25,162 | $41,052 | 9.5 years |
| 18 kW | $2.20 | $27,705 | $46,786 | 9.3 years |
| 20 kW | $2.15 | $30,114 | $52,654 | 9.1 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
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 Aberdeen, SD Solar Cost FAQs
What is the average cost of installing solar panels in Aberdeen?
The average cost of solar panels in Aberdeen is about $11,950 for a 5-kW system and $23,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Aberdeen?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $827.68 per year.
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 uses 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 house 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.