Solar Panel Cost Guide in Orrock, MN (2024 Update)
- Orrock Solar Installation Cost: $20,198
- 25-Year Savings: $20,423
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Orrock
Let’s take a look at the average cost of solar in Orrock.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Orrock, the typical cost of solar panels is 4 per watt.The average solar panel system size in Orrock is around 7.2 kilowatts, meaning a cost of about $20,198 for a solar installation, or $28,883 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Orrock depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.Even with the large initial cost, the average Orrock homeowner can save around $18,000 on their power bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Orrock
| Year | Return on Investment |
|---|---|
| 1 years | $-18,927 |
| 3 years | $-16,385 |
| 5 years | $-13,843 |
| 7 years | $-11,301 |
| 9 years | $-8,759 |
| 11 years | $-6,217 |
| 13 years | $-3,675 |
| 15 years | $-1,133 |
| 17 years | $1,409 |
| 19 years | $3,951 |
| 21 years | $6,493 |
| 23 years | $9,035 |
| 25 years | $11,577 |
Top Solar Installers in Orrock
When switching to solar energy, many homeowners choose to use a solar installation company since overseeing your solar installation yourself can be a difficult project. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Orrock
Factors that Affect Solar Panel Costs in Orrock
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Orrock: 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 system in Orrock, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $4,030 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Orrock, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.While solar loans make adopting solar energy more accessible for Orrock homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Orrock, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $11,439 | 15.2 years |
| 8 kW | $4.11 | $23,019 | $15,704 | 14.9 years |
| 10 kW | $4.03 | $28,210 | $20,194 | 14.6 years |
| 12 kW | $3.95 | $33,175 | $24,910 | 14.3 years |
| 14 kW | $3.87 | $37,914 | $29,851 | 14.0 years |
| 16 kW | $3.79 | $42,428 | $35,018 | 13.7 years |
| 18 kW | $3.71 | $46,716 | $40,411 | 13.4 years |
| 20 kW | $3.63 | $50,778 | $46,030 | 13.1 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 select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The model of solar panel you’d like plays a part in which installer you should choose, since different companies offer different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Orrock, MN Solar Cost FAQs
How much does it cost to install solar panels in Orrock?
This is a tough question to answer precisely, 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Orrock?
A solar panel system isn’t free in Orrock, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Orrock is currently $348,356, so you can expect a value of about $14,283 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Orrock is a worthwhile investment.
How long do solar panels last in Orrock?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely 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 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.