Are Solar Panels Worth It In Mn

The experts recommend shopping around for solar while avoiding door to door salespeople.

Are solar panels worth it in mn.

Are solar panels worth it in minnesota solar panels have fallen in price by more than 80 in the last ten years. Given a solar panel system size of 5 kilowatts kw an average solar installation in minnesota ranges in cost from 13 302 to 17 998 with the average gross price for solar in minnesota coming in at 15 650. How long does it take to earn back your initial investment in solar panels. It s worth looking at the department of energy website to see whether you can claim for this.

In 2020 they also remain subsidized by the 26 federal tax credit and the net metering law making them an excellent investment. This is higher than the average price of residential solar power systems across the united states which is currently 2 39 per watt. Large unshaded southern facing roofs are the most ideal for solar production. When trying to determine if solar panels are worth it for you consider the size direction pitch and the amount of shading your roof has.

As of december 2020 the average solar panel cost in minnesota is 3 13 w. On a cost per watt w basis a solar panel installation in minnesota ranges in price from 2 66 to 3 60. As of dec 2020 the average cost of solar panels in minnesota is 2 74 per watt making a typical 6000 watt 6 kw solar system 12 157 after claiming the 26 federal solar tax credit now available. The purchase of your solar power system in minnesota is 100 exempt from sales tax.