Solar Panel Cost Guide in Mora, MN (2024 Update)
- Mora Solar Installation Cost: $20,418
- 25-Year Savings: $21,150
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Mora
Let’s have a look at the average cost of solar panels in Mora.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mora, the average cost of solar panels is 4 per watt.To cover the typical energy usage of the average home in Mora, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $20,418, or $29,198 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will differ based on factors unique to your home and what company you go with.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Mora find installing solar panels can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Mora
| Year | Return on Investment |
|---|---|
| 1 years | $-19,020 |
| 3 years | $-16,225 |
| 5 years | $-13,431 |
| 7 years | $-10,636 |
| 9 years | $-7,841 |
| 11 years | $-5,046 |
| 13 years | $-2,251 |
| 15 years | $543 |
| 17 years | $3,338 |
| 19 years | $6,133 |
| 21 years | $8,928 |
| 23 years | $11,723 |
| 25 years | $14,517 |
Top Solar Installers in Mora
Many homeowners choose to use a solar installer since trying to put up solar panels by yourself can be hard. Another good thing about going with a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 Mora
Factors that Affect Solar Panel Costs in Mora
The cost of installing a solar system in Mora can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest 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 important 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 power your household consumes, the larger your system will likely need to be. You can expect to pay around $4,030 per kilowatt in Mora.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Mora, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Mora to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.However, the interest on solar loans also adds to your total costs, so it’s vital 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 last significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Mora, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Mora know more about local solar incentives and can help you learn about 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 | $4.19 | $17,603 | $11,858 | 14.9 years |
| 8 kW | $4.11 | $23,019 | $16,262 | 14.7 years |
| 10 kW | $4.03 | $28,210 | $20,892 | 14.4 years |
| 12 kW | $3.95 | $33,175 | $25,747 | 14.1 years |
| 14 kW | $3.87 | $37,914 | $30,828 | 13.8 years |
| 16 kW | $3.79 | $42,428 | $36,135 | 13.5 years |
| 18 kW | $3.71 | $46,716 | $41,667 | 13.2 years |
| 20 kW | $3.63 | $50,778 | $47,425 | 12.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Mora, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Long-running 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 support, such as part repairs and replacements.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 Mora, MN Solar Cost FAQs
How much does it cost to install solar panels in Mora?
The average cost of solar panels in Mora is about $20,150 for a 5-kW system and $40,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mora?
You can’t get solar panels for free in Mora. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
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 are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.