Solar Panel Cost Guide in Aberdeen, SD (2024 Update)
- Aberdeen Solar Installation Cost: $22,225
- 25-Year Savings: $21,865
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Aberdeen
Here’s how much it might cost to go solar in Aberdeen.
While the national average of solar panels is $2.66 per watt, solar panels in Aberdeen typically cost about 4.Since a 8.9-kW system is needed to cover the energy consumption of a typical home in Aberdeen, the average price of going solar will be about $22,225 after claiming the federal solar tax credit of 0.
Keep in mind 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 panels you want to get, your solar contractor and more.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Aberdeen find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Aberdeen for a quote for your home.
Solar savings over time in Aberdeen
| Year | Return on Investment |
|---|---|
| 1 years | $-20,874 |
| 3 years | $-18,173 |
| 5 years | $-15,473 |
| 7 years | $-12,772 |
| 9 years | $-10,071 |
| 11 years | $-7,370 |
| 13 years | $-4,670 |
| 15 years | $-1,969 |
| 17 years | $732 |
| 19 years | $3,433 |
| 21 years | $6,133 |
| 23 years | $8,834 |
| 25 years | $11,535 |
Top Solar Installers in Aberdeen
Trying to install solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. Another upside of going with a solar company is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
If you’d like to go solar but still aren’t certain which solar installer 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 Aberdeen
Factors that Affect Solar Panel Costs in Aberdeen
For many Aberdeen homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Aberdeen, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,580. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Aberdeen to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
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 panel companies in Aberdeen, and each can charge varying amounts for labor and equipment.Additionally, some companies in Aberdeen are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $3.72 | $15,637 | $9,193 | 15.7 years |
| 8 kW | $3.65 | $20,449 | $12,658 | 15.4 years |
| 10 kW | $3.58 | $25,060 | $16,324 | 15.1 years |
| 12 kW | $3.51 | $29,471 | $20,190 | 14.8 years |
| 14 kW | $3.44 | $33,681 | $24,257 | 14.5 years |
| 16 kW | $3.37 | $37,690 | $28,524 | 14.2 years |
| 18 kW | $3.29 | $41,499 | $32,992 | 13.9 years |
| 20 kW | $3.22 | $45,108 | $37,660 | 13.6 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and type 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.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
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
How much does it cost to install solar panels in Aberdeen?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally 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 consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Aberdeen?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.