Solar Panels Cost 5.3k-15k in Brooklyn Park, MN | September, 2024

Solar Panels Cost $5.3k-$15k in Brooklyn Park, MN | September, 2024

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How much do solar panels cost in Brooklyn Park, MN in 2024?

Getting solar panels installed in September, 2024 in Brooklyn Park, MN averages out to $3.8/W.

This means that, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,800 to get your system installed in . After receiving the 30% federal tax credit, you can expect to pay about $13,300 for a 5 kW system in Brooklyn Park. Remember, a more extensive system might be essential to adequately cover your energy consumption effectively.

To your left, you have the option to choose your county and determine the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Shown below is an outline of the price, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Brooklyn Park: $13,300US Average: $12,598
Average Payback Period The number of years until you break even on the solar investment.
Brooklyn Park: 11 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Brooklyn Park: $4,885US Average: $15,732

Solar Potential in Brooklyn Park

Estimated system size and solar electricity production per median viable roof in
Brooklyn Park.

Roof size 554sq. ft.
Capacity 7.75kW DC
Electricity 8.8kkWh AC per yr.

Electricity Costs in Brooklyn Park, MN & What that Means for Your Solar Panel Pricing

For Brooklyn Park energy consumers, the typical electric bill is $99.52 per month, with a usage of 594 kWh. These statistics also covers the energy consumption patterns of smaller residences, such as apartments.

For September 2024, Brooklyn Park, MN's average electricity rate is 16.76¢ per kWh.

To fully meet the energy needs of an average user in Brooklyn Park, a solar panel system of 6 kW or larger is a must. You'll spend $15,960 on a 6 kW solar panel system after taking the 30% federal income tax credit into consideration.

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Average solar panel costs by system size in Brooklyn Park

On the left side, you'll see a detailed price breakdown of the various sizes of solar panel systems installed in Brooklyn Park. Even though a bigger solar installation carries a greater cost, it also offers greater electricity savings and more substantial income tax credits.

The calculator down and to the right offers a detailed summary of solar panel costs and benefits, based on an average electric bill of $99.52 in Brooklyn Park. Just change the $99.52 to your regular electricity bill for customized results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $472 a year
Est. Price
$5,320
Savings from a 2kWthis system
  • Est. yearly production 2,777 kWh
  • Est. monthly savings $39
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.57 tons a year
  • Equivalent to planting 72 trees a year
  • Equivalent to driving 3,885 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $708 a year
Est. Price
$7,980
Savings from a 3kWthis system
  • Est. yearly production 4,165 kWh
  • Est. monthly savings $59
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.35 tons a year
  • Equivalent to planting 108 trees a year
  • Equivalent to driving 5,828 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $944 a year
Est. Price
$10,640
Savings from a 4kWthis system
  • Est. yearly production 5,554 kWh
  • Est. monthly savings $79
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.14 tons a year
  • Equivalent to planting 144 trees a year
  • Equivalent to driving 7,771 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,180 a year
Est. Price
$13,300
Savings from a 5kWthis system
  • Est. yearly production 6,942 kWh
  • Est. monthly savings $98
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.92 tons a year
  • Equivalent to planting 180 trees a year
  • Equivalent to driving 9,713 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,416 a year
Est. Price
$15,960
Savings from a 6kWthis system
  • Est. yearly production 8,331 kWh
  • Est. monthly savings $100
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.99 tons a year
  • Equivalent to planting 183 trees a year
  • Equivalent to driving 9,876 mi less a year

Brooklyn Park Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and farmlands. Not sure if you qualify? Use our REAP Grant eligibility tool to verify.

The federal government offers a 30% tax credit for residential solar systems, which makes solar appealing and sensible for a wide range of homeowners. A variety of state and local programs are in place to support the use of solar energy.

Residents of Minnesota can access 12 solar rebate and incentive programs from a variety of utilities and governmental bodies.

Owatanna Public Utilities - Solar Rebate Program

Value:Up to $500

Commercial and residential customers of OPU, the municipal power utility for the city of Owatonna, may be entitled to rebates on solar PV systems and water heaters. Rebates add to existing federal tax incentives. New PV installations will yield a $500 rebate regardless of their rated capacity. Water heaters yield a rebate based on the area of the panels; the current rate is $15 per square foot. To qualify, systems should meet all city, state, and federal standards and be interconnected to the grid under a net metering contract. Interested customers should schedule an energy audit with an OPU participating solar contractor.

Minnesota Power - SolarSense Solar Rebate Program

Value:Up to $10,000

Minnesota Power customers may be entitled to rebates on new solar photovoltaic systems. To qualify, a system must meet all state and federal standards, be installed by a certified solar contractor, and be interconnected to the grid under a net metering contract. The incentive amount is determined through an NREL tool which considers the system's rated capacity and other design characteristics. Current rates are 56 cents/estimated kilowatt hour of production in the first year of the system's use. Minnesota Power must preapprove all incentives. Customers must therefore apply for the rebate before purchasing their system. Additional information is available from the website.

Value of Solar Tariff

Value:Varies

Net metering in Minnesota is set to be replaced by a Value of Solar (VOST) tariff program standardized by the Department of Commerce. No utility has implemented such a program as of 2021, though Xcel Energy is exploring retail-rate tariffs in a similar vein to VOST. VOST operates as an "inflow-outflow" program. Customers are technically billed for all electricity they generate, including excess generation (EG) sent to the grid. Rather than paying for all generated energy, however, they will only owe the cost of their "nettable energy" in that cycle. Nettable energy is equal to total power generated at the standard billed cost minus EG at a different "credit rate." As with net metering, should generation exceed consumption, the remaining credits will be applied to subsequent cycles. VOST contracts last for 20 years; credit rates are fixed for the length of the contract. "Virtual VOST" provisions exist to compensate microgrid subscribers in proportion.

Farm Opportunities Loan Program

Value:Varies

New sustainable farm equipment may be eligible for special financing through Minnesota's Farm Opportunity Loan Program. The program is administered by the state Rural Finance Authority in conjunction with various funding partners. Loans can cover up to 80% of purchase and installation costs. The RFA assumes responsibility for servicing 45% of the principal up to $45,000. Interest on the RFA portion is 3%; the remaining 55% will accrue interest at the current market rate. Additional information is available from the RFA website.

Community-Based Energy Development (C-BED) Tariff

Value:Varies

Utilities in Minnesota are required to participate in Community-Based Energy Development tariff programs (C-BED) to support the construction and onboarding of new renewable energy facilities, including solar and wind farms. C-BED contracts last for 20 years. During the term, the state will pay utilities at a fixed rate for the energy they produce. The underlying goal is for utilities to more easily recoup the costs for their renewable facilities. Additional information is available from the Minnesota Public Utilities Commission website.

Value-Added Stock Loan Participation Program

Value:Varies

The Minnesota Rural Finance Authority (RFA) operates a stock financing program to aid farmers in purchasing shares of nearby wind farms or biomass energy facilities. Loans are offered by private banking partners, though the RFA sets loan terms and low interest rates for up to 45% of the principal. Qualifying applicants must not be worth more than $450,000. Additional information is available from the RFA website.

Fix-Up Loan

Value:Varies

Minnesota homeowners making energy efficiency or accessibility improvements may be eligible for special loans from the state Housing Finance Agency (MHFA). "Fix-Up Loans" have a maximum of $15,000 in principal at market-rate interest. Applicants have direct access to MHFA lending partners and can negotiate loan terms. They may also use the contractors and builders of their choice. Lending partners differ between the 11-county Twin Cities area and the rest of the state. Additional information is available from the MHFA website.

Rural Minnesota Energy Board PACE Program

Value:Varies

The St. Paul Port Authority operates a PACE program in Duluth, Mankato, and certain Twin Cities suburbs and exurbs. Property owners will have access to an open market of local lenders offering competitive loans and terms for energy efficiency improvements. Effectively, funding comes from the government; repayment will therefore take the form of a tax lien senior to the property's mortgage. Residential structures are not eligible for PACE loans due to regulatory concerns from the FHFA. Fannie Mae and Freddie Mac are prohibited from acquiring a mortgage with an active PACE lien. Additional information is available from the Port Authority website.

Minnesota PACE Program (MinnPACE)

Value:Varies

The St. Paul Port Authority operates a PACE program in Duluth, Mankato, and certain Twin Cities suburbs and exurbs. Property owners will have access to an open market of local lenders offering competitive loans and terms for energy efficiency improvements. Effectively, funding comes from the government; repayment will therefore take the form of a tax lien senior to the property's mortgage. Residential structures are not eligible for PACE loans due to regulatory concerns from the FHFA. Fannie Mae and Freddie Mac are prohibited from acquiring a mortgage with an active PACE lien. Additional information is available from the Port Authority website.

Interconnection Standards

Value:Varies

Distributed generation and interconnection practices are standardized by the Minnesota Public Utilities Commission. Standards were last updated in 2019 and continue to be amended regularly. Unlike states which use tiers and levels to organize energy systems, Minnesota uses permit processes as benchmarks. Systems at a qualifying capacity level may be eligible for a "Fast Track" permit review. All systems must follow recognized standards such as those set by IEEE or UL. Customers may be required by their utility to carry liability insurance coverage or install additional safety features.

Renewable Development Fund (RDF)

Value:Varies

Xcel Energy has administered a Renewable Development Fund since 1999. The fund's annual budget amounts to $9 million, the result of a state-set rate per nuclear waste reservoir at the Prairie Island, Minnesota plant. Additional funding comes from a surcharge on Xcel customer bills in Minnesota and western Wisconsin. Funding supports incentive programs and other initiatives to adopt renewable energy. The University of Minnesota's Institute for the Environment also taps into the fund for its own research. Additional information is available from the Xcel website.

Xcel Energy - Solar*Rewards Program

Value:Varies

Solar*Rewards is the formal name for Xcel Energy's net metering and distributed generation tariff incentive programs nationwide. Under Minnesota law, renewable energy customers hold ownership of renewable energy credits (RECs) they generate. With a Solar*Rewards contract, the customer agrees to sell all RECs to the utility for a fixed amount of time and have a bidirectional meter installed on their system to track energy sent back to the grid. In exchange, the utility will provide fair compensation for both excess generation and credits accrued. To qualify for incentives, a new PV system must pass an engineering audit and not exceed 20 kW of DC capacity. Leased systems do not qualify for Solar*Rewards contracts. Additional information is available from the Xcel website.

Are solar panels worth it in Minnesota?

If you expect to own your residence longer than the solar system's payback period, solar panels are a good investment in Brooklyn Park. A 5 kW solar system in Brooklyn Park, MN could potentially save you $10,584.8 over the course of 20 years, with the break even point typically at 11 years.

The cost of not having solar panels in Brooklyn Park, MN

Besides missing out on the savings highlighted earlier, not installing solar panels or an alternative backup energy source results in you being fully reliant on your electric utility for electricity. As illustrated by recent news stories, complete dependence on your utility company isn't always the best scenario.

On average, there are 0.95 outages per customer each year in Brooklyn Park. Each outage, on average, lasts for 114.46 minutes. In the case of major events like landslides, vandalism, or grid management errors, this period can rise substantially.

Owning a solar panel system, irrespective of a backup battery, could reduce the strain of any future outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Hennepin County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Brooklyn Park, MN?

Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the higher upfront expense. It is often useful for consumers to install a solar system that can generate enough electricity to fully cover their electric bill, which results in substantial savings.

Make & Model - Just like many products, solar panels are available in a range of makes and models. The system preferences of your chosen installer can make it crucial to select a recommended installer. Opting for better quality makes and models can yield a significantly improved long-term experience for the buyer.

Solar Panel Type - It's easy to see why monocrystalline panels are now the preferred option in the industry. These panels cost more but produce a higher energy efficiency. Many installers in the industry use panels crafted of this material.

Your Property - Uneven ground, trees, or other barriers can increase the difficulty of the installation. Solar installers today typically use satellite imagery to evaluate your home and include these factors into the first cost estimate.

Labor Rates - Companies provide different pay rates to their employees, which are then reflected in the prices consumers pay. It is common for businesses that offer higher wages to get better reviews for their services and customer service.

Permitting & Interconnection - Installation costs will be impacted by regularly changing local permitting and utility interconnection fees, depending on the region. Good installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other MN cities

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Who are the best solar installers in Brooklyn Park?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Solar Farm

St. Paul, MN(651) 271-8410

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Sundial Energy

St. Louis Park, MN(612) 439-9591

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

LightEdison

Denver, CO(888) 966-6377

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Brooklyn Park, MN Solar Panel Cost FAQs

  • As of September, 2024, the typical cost for solar panels in Brooklyn Park, MN is $3.8/W. For a 5 kW solar panel system, the total cost in Brooklyn Park, MN after federal tax credits is around $13,300.

  • Utilities and government agencies in Minnesota are currently offering 12 different rebates and incentives. On top of that, most individuals are eligible for the 30% federal income tax credit.

  • Paying cash will ensure the most savings, but these days there are multiple options for financing solar panels that are financially sensible as well. Your preliminary quotes will usually detail financing options available through installers.

  • Yes, the typical duration for 5 kW solar panel systems to pay back their cost in Brooklyn Park, MN is 11 years, with electricity savings estimated at $10,584.8 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-09-01