Solar Panel Cost Guide in Oak Grove, MN (2024 Update)

  • Oak Grove Solar Installation Cost: $20,251
  • 25-Year Savings: $20,912
  • Payback Period: 14.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Oak Grove

Find out what the average cost of solar panel installation is in Oak Grove.

Although the national average of solar panels is $2.66 per watt, solar panels in Oak Grove generally cost around 4.The average Oak Grove 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 only averages, and the cost of going solar for you will vary based on your specific situation and what company you want to go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on electricity bills.

To receive a free quote from a vetted solar company in Oak Grove, you can click the button below.

Solar savings over time in Oak Grove

Year Return on Investment
1 years $-18,989
3 years $-16,464
5 years $-13,939
7 years $-11,414
9 years $-8,888
11 years $-6,363
13 years $-3,838
15 years $-1,313
17 years $1,212
19 years $3,737
21 years $6,262
23 years $8,787
25 years $11,312

Top Solar Installers in Oak Grove

When going solar, many homeowners decide to hire a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Some solar companies, especially local ones, can help you better understand incentives in Oak Grove, thereby optimizing your ROI.

If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our recommendations for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Oak Grove

Factors that Affect Solar Panel Costs in Oak Grove

For many Oak Grove homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Oak Grove, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar system in Oak Grove, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $4,030 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Oak Grove, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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 Oak Grove to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar panel installer you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $11,803 15.0 years
8 kW $4.11 $23,019 $16,189 14.7 years
10 kW $4.03 $28,210 $20,801 14.4 years
12 kW $3.95 $33,175 $25,638 14.1 years
14 kW $3.87 $37,914 $30,701 13.8 years
16 kW $3.79 $42,428 $35,989 13.5 years
18 kW $3.71 $46,716 $41,503 13.2 years
20 kW $3.63 $50,778 $47,243 13.0 years

How to Save on Solar Panels

The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:

  • Solar Panel Brands: Not all solar installers have 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: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the completion timeline.
  • Contract: Review the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Oak Grove, MN Solar Cost FAQs

How much does it cost to install solar panels in Oak Grove?

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. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can you sell solar power back to the grid in Oak Grove?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.

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.

Follow us