Solar Panels Cost 5.3k-16k in Maple Grove, MN | October, 2024

Solar Panels Cost $5.3k-$16k in Maple Grove, MN | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Maple Grove, MN in 2024?

Having solar panels in Maple Grove, MN is $3.83/W in the month of October, 2024.

It will cost you $3,830, on average, per 1K (or 1000 watts) your panels is able to produce. When you subtract the 30% federal tax credit, you will spend approximately $13,405 for a 5 kW solar panel system in Maple Grove. To ensure your energy demands are met, you may require more than a 5kW system.

On the left, choose your area to view the typical roof size and the maximum production capacity for solar panel systems on homes in your county. You can also see an outline of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Maple Grove: $13,405US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Maple Grove: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Maple Grove: $7,216US Average: $15,784

Solar Potential in Maple Grove

Estimated system size and solar electricity production per median viable roof in
Maple Grove.

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

Electricity Costs in Maple Grove, MN & What that Means for Your Solar Panel Pricing

For Maple Grove energy consumers, the average electric bill is $109.86 per month, with a usage of 706 kWh. Compact homes, including micro-apartments, are also encompassed in the data cited in the {previous|prior sentence.

The average electricity rate in Maple Grove, MN in October 2024 is 15.57¢ per kWh.

To account for their full energy usage requirements of an average user in Maple Grove, a solar panel system of 6 kW or more is required. At this time, a 6 kW solar setup has an upfront cost of about $22,980, but after a 30% tax credit, it drops to $16,086

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Maple Grove

To the left, you will find a breakdown of prices for various solar panel system sizes installed in Maple Grove. When you select a larger solar system, the cost is higher, but it also yields greater electricity savings and a greater income tax credit.

The solar panel calculator, situated below and to the right, gives a detailed cost and benefit analysis based on a typical $109.86 electric bill for Maple Grove. Swap the $109.86 with your usual electricity bill to get customized results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $464 a year
Est. Price
$5,362
Savings from a 2kWthis system
  • Est. yearly production 2,897 kWh
  • Est. monthly savings $39
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.37 tons a year
  • Equivalent to planting 63 trees a year
  • Equivalent to driving 3,396 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $695 a year
Est. Price
$8,043
Savings from a 3kWthis system
  • Est. yearly production 4,346 kWh
  • Est. monthly savings $58
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.06 tons a year
  • Equivalent to planting 95 trees a year
  • Equivalent to driving 5,094 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $927 a year
Est. Price
$10,724
Savings from a 4kWthis system
  • Est. yearly production 5,795 kWh
  • Est. monthly savings $77
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 2.74 tons a year
  • Equivalent to planting 126 trees a year
  • Equivalent to driving 6,792 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,159 a year
Est. Price
$13,405
Savings from a 5kWthis system
  • Est. yearly production 7,244 kWh
  • Est. monthly savings $97
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.43 tons a year
  • Equivalent to planting 158 trees a year
  • Equivalent to driving 8,490 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,391 a year
Est. Price
$16,086
Savings from a 6kWthis system
  • Est. yearly production 8,692 kWh
  • Est. monthly savings $110
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.91 tons a year
  • Equivalent to planting 179 trees a year
  • Equivalent to driving 9,669 mi less a year

Maple Grove Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural enterprises, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.

Nearly all residents can qualify for a 30% federal income tax credit for residential solar, which makes it a feasible option in numerous areas of the United States. In addition, there are many state and local initiatives aimed at further promote the uptake of solar energy.

Multiple utilities and government agencies in Minnesota have 12 solar rebate and incentive programs.

Solar incentives in MN

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?

Homeowners in Maple Grove who intend to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. With a 5 kW solar system in Maple Grove, MN, the average savings over a 20 period is $12,961.4, with break even typically occurring at 10 years.

The cost of not having solar panels in Maple Grove, MN

If you don't have solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. The news has recently demonstrated that relying entirely on your utility provider isn't always ideal.

In a typical year, customers in Maple Grove encounter around 0.66 outages. On average, each outage lasts for 71.13 minutes. Major events like wildlife damage, aging infrastructure or heavy rain and flooding can considerably extend these durations.

A solar panel system with (or without) a backup battery could ease the pressure of future outages you encounter.

Power Outages

Currently, 0 customers are being tracked in Hennepin County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Maple Grove, MN?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is higher. Setting up a solar system that produces sufficient electricity to eliminate their electric bill is beneficial to most homeowners, ensuring savings.

Make & Model - Just like other industries, the solar energy sector offers a range of solar panel and mounting equipment brands and designs. Since your installer may prefer certain brands, it's essential to pick a recommended company. Selecting superior quality materials usually ensures a more favorable long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. These panels are more expensive but offer a higher energy efficiency. Many installers in the industry use panels crafted of this material.

Your Property - Sloping terrain, trees, or additional considerations can increase the difficulty of the installation. These days, solar installers typically use satellite images to assess your home and include these elements into the first cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these costs are borne by the consumers. Businesses that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be impacted by the local permitting and utility interconnection fees, which vary depending on the area. That said, quality local installers will be able to incorporate these numbers into your first quotes so there are no surprises.

See what solar panels cost in other MN cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Maple Grove?

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.

Maple Grove, MN Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Maple Grove, MN has reached $3.83/W. In Maple Grove, MN, the cost of installing a 5 kW solar panel system is approximately $13,405 after applying the federal tax credit.
  • Right now, Minnesota has 12 rebates and incentives available through a variety of utility companies and government entities. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
  • Even though paying cash offers the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Many installers will include information about financing options in their initial quotes.
  • Yes, the typical payback time for 5 kW solar panel systems in Maple Grove, MN is 10 years, and the expected electricity cost savings over 20 years is $12,961.4.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01