Solar Panel Cost Guide in New Brighton, MN (2024 Update)
- New Brighton Solar Installation Cost: $20,356
- 25-Year Savings: $21,441
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in New Brighton
Let’s have a look at the average cost of solar in New Brighton.
While the national average of solar panels is $2.66 per watt, solar panels in New Brighton typically cost around 4.The average New Brighton homeowner needs a 7.2-kilowatt system, which would cost about $20,356 with the federal tax credit, or $29,109 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average New Brighton homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar company in New Brighton that can help you get a more accurate cost estimate for your home.
Solar savings over time in New Brighton
| Year | Return on Investment |
|---|---|
| 1 years | $-19,076 |
| 3 years | $-16,518 |
| 5 years | $-13,959 |
| 7 years | $-11,400 |
| 9 years | $-8,841 |
| 11 years | $-6,282 |
| 13 years | $-3,723 |
| 15 years | $-1,164 |
| 17 years | $1,395 |
| 19 years | $3,954 |
| 21 years | $6,513 |
| 23 years | $9,071 |
| 25 years | $11,630 |
Top Solar Installers in New Brighton
Although you can install solar panels yourself, it takes extra energy and expertise. That's why most people choose to go with a solar panel installer. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're searching for a solar company in New Brighton, the EcoWatch team has compiled a list of our top suggestions here:
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 New Brighton
Factors that Affect Solar Panel Costs in New Brighton
Though the average cost of a solar system in New Brighton is $20,356, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you get for your solar system can increase or decrease 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 more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many New Brighton homeowners decide to finance their solar panel systems to offset upfront costs.Even though solar loans make adopting solar energy more accessible for New Brighton homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in New Brighton, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $12,153 | 14.8 years |
| 8 kW | $4.11 | $23,019 | $16,655 | 14.5 years |
| 10 kW | $4.03 | $28,210 | $21,383 | 14.2 years |
| 12 kW | $3.95 | $33,175 | $26,337 | 13.9 years |
| 14 kW | $3.87 | $37,914 | $31,517 | 13.7 years |
| 16 kW | $3.79 | $42,428 | $36,922 | 13.4 years |
| 18 kW | $3.71 | $46,716 | $42,552 | 13.1 years |
| 20 kW | $3.63 | $50,778 | $48,409 | 12.8 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 decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 New Brighton, MN Solar Cost FAQs
How much does it cost to install solar panels in New Brighton?
The average cost of solar panels in New Brighton 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in New Brighton?
Solar panels aren’t free in New Brighton, 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 you can take advantage of.
Is it worth going solar in New Brighton?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.