Solar Panel Cost Guide in Hay Creek, ND (2024 Update)
- Hay Creek Solar Installation Cost: $43,416
- 25-Year Savings: $42,752
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Hay Creek
See how much it might cost to switch to solar power in Hay Creek.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hay Creek, the average cost of a solar system is 4 per watt.To cover the typical energy needs of the average home in Hay Creek, most homeowners require a 17.3-kilowatt system. Using the per-watt figure above, a solar installation costs about $43,416, or $62,085 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar system you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on power bills.
To receive a free quote from a top solar installer in Hay Creek, you can click the button below.
Solar savings over time in Hay Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-42,130 |
| 3 years | $-39,559 |
| 5 years | $-36,988 |
| 7 years | $-34,417 |
| 9 years | $-31,846 |
| 11 years | $-29,275 |
| 13 years | $-26,704 |
| 15 years | $-24,133 |
| 17 years | $-21,562 |
| 19 years | $-18,990 |
| 21 years | $-16,419 |
| 23 years | $-13,848 |
| 25 years | $-11,277 |
Top Solar Installers in Hay Creek
Installing solar panels by yourself can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers provide can be invaluable as well, especially if you aren’t sure what type of solar equipment would be right for your home.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 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 Hay Creek
Factors that Affect Solar Panel Costs in Hay Creek
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Hay Creek: 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
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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,580 per kilowatt in Hay Creek.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Hay Creek provide solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Hay Creek is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different costs.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $9,332 | 15.7 years |
| 8 kW | $3.65 | $20,449 | $12,844 | 15.4 years |
| 10 kW | $3.58 | $25,060 | $16,556 | 15.1 years |
| 12 kW | $3.51 | $29,471 | $20,469 | 14.8 years |
| 14 kW | $3.44 | $33,681 | $24,582 | 14.5 years |
| 16 kW | $3.37 | $37,690 | $28,896 | 14.2 years |
| 18 kW | $3.29 | $41,499 | $33,410 | 13.8 years |
| 20 kW | $3.22 | $45,108 | $38,125 | 13.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Warranty: If you’re concerned about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, 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 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 Hay Creek, ND Solar Cost FAQs
How much does it cost to install solar panels in Hay Creek?
The average cost of solar panels in Hay Creek is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Hay Creek?
You can’t get solar panels for free in Hay Creek. However, you may still be able to install 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 switching to solar power worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.