Solar Panel Cost Guide in Centerville, MN (2024 Update)
- Centerville Solar Installation Cost: $20,251
- 25-Year Savings: $21,376
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Centerville
We break down average solar pricing in Centerville.
The average cost of a solar panel system in Centerville is 4 per watt.The average Centerville homeowner needs a 7.2-kilowatt system, which would cost about $20,251 with the federal tax credit, or $28,959 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar is worth paying. On average Centerville homeowners see about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Centerville for a custom estimate.
Solar savings over time in Centerville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,972 |
| 3 years | $-16,413 |
| 5 years | $-13,854 |
| 7 years | $-11,295 |
| 9 years | $-8,736 |
| 11 years | $-6,177 |
| 13 years | $-3,618 |
| 15 years | $-1,060 |
| 17 years | $1,499 |
| 19 years | $4,058 |
| 21 years | $6,617 |
| 23 years | $9,176 |
| 25 years | $11,735 |
Top Solar Installers in Centerville
When making the switch to solar, many homeowners decide to go with a solar installation company since handling can be a time-consuming project. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Centerville
Factors that Affect Solar Panel Costs in Centerville
Even though the average cost of a solar system in Centerville is $20,251, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,030.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular 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.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Centerville is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that provide a range of services for different budgets.The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.19 | $17,603 | $12,190 | 14.8 years |
| 8 kW | $4.11 | $23,019 | $16,705 | 14.5 years |
| 10 kW | $4.03 | $28,210 | $21,446 | 14.2 years |
| 12 kW | $3.95 | $33,175 | $26,412 | 13.9 years |
| 14 kW | $3.87 | $37,914 | $31,604 | 13.6 years |
| 16 kW | $3.79 | $42,428 | $37,021 | 13.4 years |
| 18 kW | $3.71 | $46,716 | $42,665 | 13.1 years |
| 20 kW | $3.63 | $50,778 | $48,534 | 12.8 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 durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 Centerville, MN Solar Cost FAQs
How much does it cost to install solar panels in Centerville?
The average cost of solar panels in Centerville is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Centerville?
Solar panels aren’t free in Centerville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose 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 many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires 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.