Solar Panel Cost Guide in Huron, SD (2024 Update)
- Huron Solar Installation Cost: $21,795
- 25-Year Savings: $28,386
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Huron
We go over average solar pricing in Huron.
The national average cost of solar panels is $2.66 per watt, but in Huron it’s 4 per watt.Using this figure, a typical 8.7-kW system would cost about $21,795 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Huron homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the high initial cost, the average Huron homeowner can save around $19,000 on their power bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Huron
| Year | Return on Investment |
|---|---|
| 1 years | $-20,337 |
| 3 years | $-17,420 |
| 5 years | $-14,504 |
| 7 years | $-11,588 |
| 9 years | $-8,671 |
| 11 years | $-5,755 |
| 13 years | $-2,839 |
| 15 years | $78 |
| 17 years | $2,994 |
| 19 years | $5,910 |
| 21 years | $8,827 |
| 23 years | $11,743 |
| 25 years | $14,660 |
Top Solar Installers in Huron
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar company can make swapping over to solar power much easier. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Huron
Factors that Affect Solar Panel Costs in Huron
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Huron: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,580 per kilowatt in Huron.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Huron average.
Solar Financing Terms
Most solar installers in Huron provide solar loans, which reduce your upfront costs of installing a solar system.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence the cost. Huron’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Huron are more knowledgeable 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 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 | $13,984 | 13.2 years |
| 8 kW | $3.65 | $20,449 | $19,046 | 12.9 years |
| 10 kW | $3.58 | $25,060 | $24,309 | 12.7 years |
| 12 kW | $3.51 | $29,471 | $29,772 | 12.4 years |
| 14 kW | $3.44 | $33,681 | $35,436 | 12.2 years |
| 16 kW | $3.37 | $37,690 | $41,300 | 11.9 years |
| 18 kW | $3.29 | $41,499 | $47,364 | 11.7 years |
| 20 kW | $3.22 | $45,108 | $53,629 | 11.4 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you care about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- 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 adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
EcoWatch's Huron, SD Solar Cost FAQs
How much does it cost to install solar panels in Huron?
The average cost of solar panels in Huron is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had 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.
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.