Solar Panel Cost Guide in Mitchell, SD (2025 Update)
- Mitchell Solar Installation Cost: $21,735
- 25-Year Savings: $24,975
- Payback Period: 13.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Mitchell
Let’s have a look at the average cost of solar in Mitchell.
The average cost of solar panels in Mitchell is 4 per watt.To account for the typical energy usage of the average home in Mitchell, most homeowners require a 8.7-kilowatt system. Using the figure above, a solar installation costs around $21,735, or $31,081 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Mitchell homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Mitchell find investing in solar can be quite rewarding.
To receive a free quote from a pre-vetted solar installation company in Mitchell, you can click the button below.
Solar savings over time in Mitchell
Year | Return on Investment |
---|---|
1 years | $-20,277 |
3 years | $-17,361 |
5 years | $-14,445 |
7 years | $-11,528 |
9 years | $-8,612 |
11 years | $-5,695 |
13 years | $-2,779 |
15 years | $137 |
17 years | $3,054 |
19 years | $5,970 |
21 years | $8,886 |
23 years | $11,803 |
25 years | $14,719 |
Top Solar Installers in Mitchell
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be time-consuming. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Mitchell:
See all of the solar companies in Mitchell
Factors that Affect Solar Panel Costs in Mitchell
For many Mitchell homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Mitchell, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,580 per kilowatt in Mitchell.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Mitchell, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they lower 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 keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Mitchell, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Mitchell have more knowledge 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 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 | $11,677 | 14.3 years |
8 kW | $3.65 | $20,449 | $15,971 | 14.0 years |
10 kW | $3.58 | $25,060 | $20,465 | 13.8 years |
12 kW | $3.51 | $29,471 | $25,159 | 13.5 years |
14 kW | $3.44 | $33,681 | $30,054 | 13.2 years |
16 kW | $3.37 | $37,690 | $35,149 | 12.9 years |
18 kW | $3.29 | $41,499 | $40,445 | 12.7 years |
20 kW | $3.22 | $45,108 | $45,941 | 12.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
EcoWatch's Mitchell, SD Solar Cost FAQs
How much does it cost to install solar panels in Mitchell?
The average cost of solar panels in Mitchell 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 things like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Mitchell?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 install 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.