Solar Panel Cost Guide in Lino Lakes, MN (2025 Update)
- Lino Lakes Solar Installation Cost: $20,251
- 25-Year Savings: $22,061
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Lino Lakes
Let’s take a look at the average cost of solar in Lino Lakes.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lino Lakes, the average cost of solar panels is 4 per watt.The average Lino Lakes 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.
These figures are just estimates, and the cost of going solar for you may look different based on the amount of energy your home requires and what company you want to go with.Despite the large upfront cost, the average Lino Lakes homeowner can save about $19,000 on their power bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lino Lakes
| 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 Lino Lakes
Trying to put up solar panels by yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. 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 installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Lino Lakes
Factors that Affect Solar Panel Costs in Lino Lakes
The cost of installing a solar system in Lino Lakes can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 pay about $4,030 per kilowatt in Lino Lakes.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more 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
Most solar installers in Lino Lakes have solar loans, which reduce the initial cost of installing solar.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Lino Lakes, and each can charge varying amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fits within your budget.
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 | $12,763 | 14.5 years |
| 8 kW | $4.11 | $23,019 | $17,469 | 14.2 years |
| 10 kW | $4.03 | $28,210 | $22,400 | 13.9 years |
| 12 kW | $3.95 | $33,175 | $27,557 | 13.7 years |
| 14 kW | $3.87 | $37,914 | $32,940 | 13.4 years |
| 16 kW | $3.79 | $42,428 | $38,548 | 13.1 years |
| 18 kW | $3.71 | $46,716 | $44,382 | 12.8 years |
| 20 kW | $3.63 | $50,778 | $50,442 | 12.5 years |
How to Save on Solar Panels
There are many companies to choose from in Lino Lakes, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: One of the most important things 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 acquire and how long the project will take.
EcoWatch's Lino Lakes, MN Solar Cost FAQs
What is the average cost of installing solar panels in Lino Lakes?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels significantly reduce 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 $1,012.20 per year.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can 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.