Solar Panel Cost Guide in Kasson, MN (2024 Update)
- Kasson Solar Installation Cost: $20,286
- 25-Year Savings: $22,197
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Kasson
Here’s how much it might cost to make the switch to solar in Kasson.
The national average cost of solar panels is $2.66 per watt, but in Kasson it’s 4 per watt.Since a 7.2-kW system is needed to cover the energy costs of a typical home in Kasson, the average price of going solar will be about $20,286 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Kasson homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar installer in Kasson for a quote for your home.
Solar savings over time in Kasson
| Year | Return on Investment |
|---|---|
| 1 years | $-19,007 |
| 3 years | $-16,448 |
| 5 years | $-13,889 |
| 7 years | $-11,330 |
| 9 years | $-8,771 |
| 11 years | $-6,212 |
| 13 years | $-3,653 |
| 15 years | $-1,094 |
| 17 years | $1,465 |
| 19 years | $4,023 |
| 21 years | $6,582 |
| 23 years | $9,141 |
| 25 years | $11,700 |
Top Solar Installers in Kasson
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using an installer can make swapping over to solar power much easier. Another good thing about choosing a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Kasson
Factors that Affect Solar Panel Costs in Kasson
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Kasson: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Kasson, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $4,030 for each additional kilowatt you need.The brand of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Kasson, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Kasson is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Kasson know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $4.19 | $17,603 | $12,845 | 14.5 years |
| 8 kW | $4.11 | $23,019 | $17,578 | 14.2 years |
| 10 kW | $4.03 | $28,210 | $22,537 | 13.9 years |
| 12 kW | $3.95 | $33,175 | $27,722 | 13.6 years |
| 14 kW | $3.87 | $37,914 | $33,132 | 13.3 years |
| 16 kW | $3.79 | $42,428 | $38,768 | 13.1 years |
| 18 kW | $3.71 | $46,716 | $44,629 | 12.8 years |
| 20 kW | $3.63 | $50,778 | $50,716 | 12.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Warranty: If you care about the durability of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
EcoWatch's Kasson, MN Solar Cost FAQs
How much does it cost to install solar panels in Kasson?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Kasson?
Leasing solar panels can be an appealing choice, because it often 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 eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,014.94 per year.
How long do solar panels last in Kasson?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.