Solar Panel Cost Guide in Windom, MN (2024 Update)
- Windom Solar Installation Cost: $19,999
- 25-Year Savings: $14,947
- Payback Period: 17.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Windom
We go over average solar pricing in Windom.
While the national average of solar panels is $2.66 per watt, solar panels in Windom typically cost about 4.The average Windom homeowner needs a 7.1-kilowatt system, which would cost about $19,999 with the federal tax credit, or $28,599 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Windom based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar power is worth paying. On average Windom homeowners see about $16,000 in savings on energy bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Windom, you can click the button below.
Solar savings over time in Windom
Year | Return on Investment |
---|---|
1 years | $-19,070 |
3 years | $-17,211 |
5 years | $-15,353 |
7 years | $-13,494 |
9 years | $-11,636 |
11 years | $-9,777 |
13 years | $-7,919 |
15 years | $-6,060 |
17 years | $-4,202 |
19 years | $-2,343 |
21 years | $-485 |
23 years | $1,374 |
25 years | $3,232 |
Top Solar Installers in Windom
Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Plus, if you aren’t sure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our recommendations for providers in Windom:
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 Windom
Factors that Affect Solar Panel Costs in Windom
The cost of installing a solar system in Windom can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Windom, where sunlight is relatively 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Windom homeowners decide to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can impact how much you pay. Windom’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Windom are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $6,975 | 17.9 years |
8 kW | $4.11 | $23,019 | $9,751 | 17.6 years |
10 kW | $4.03 | $28,210 | $12,753 | 17.2 years |
12 kW | $3.95 | $33,175 | $15,981 | 16.9 years |
14 kW | $3.87 | $37,914 | $19,434 | 16.5 years |
16 kW | $3.79 | $42,428 | $23,113 | 16.2 years |
18 kW | $3.71 | $46,716 | $27,018 | 15.8 years |
20 kW | $3.63 | $50,778 | $31,148 | 15.5 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
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 Windom, MN Solar Cost FAQs
What is the average cost of installing solar panels in Windom?
This is a difficult 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost 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.
Is it worth going solar in Windom?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity 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 decreases 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.