Solar Panels Cost 10k-21k in Morris, MN | November, 2024

Solar Panels Cost $10k-$21k in Morris, MN | November, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Morris, MN in 2024?

Going solar is about $3.82 per watt in November, 2024 in Morris, MN.

Or in other words, solar panel installations will cost you about $3,820 per 1 kW (or 1000 watts) of production capacity. In Morris, after the 30% federal income tax credit, a 5 kW solar installation sets you back $13,370. Please consider, a 5kW system may not be sufficient to fulfill your energy requirements.

To the left, you have the option to select your county and find the average roof size along with the average maximum capacity for solar panels in homes in your area. Below, you can find a complete summary of the price, payback period, and 20-year typical 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.
Morris: $13,370US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Morris: 12 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Morris: $3,974US Average: $16,169

Solar Potential in Morris

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

Roof size 724sq. ft.
Capacity 10.13kW DC
Electricity 11.5kkWh AC per yr.

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

Energy consumers in Morris pay an average of $96.14 per month for electricity, consuming 850 kWh on average. Please note that this figure also encompasses data from smaller residential units, including apartments.

For November 2024, the mean electricity rate in Morris, MN is 11.31¢ per kWh.

If you’re a typical electricity consumer in Morris, you may need a solar panel system sized at 8 kW or larger to account for all your electricity needs. The initial cost for an 8 kW solar panel system will be $30,560, but with a 30% tax credit, your cost is reduced to $21,392.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Morris

On the left side, you'll see a detailed price breakdown of the multiple sizes of solar panel systems set up in Morris. The investment for a larger solar panel setup is greater, but it also provides 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 $96.14 in Morris. Change the $96.14 to your usual electricity bill payment for results that are personalized.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $637 a year
Est. Price
$10,696
Savings from a 4kWthis system
  • Est. yearly production 5,795 kWh
  • Est. monthly savings $53
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.17 tons a year
  • Equivalent to planting 100 trees a year
  • Equivalent to driving 5,379 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $797 a year
Est. Price
$13,370
Savings from a 5kWthis system
  • Est. yearly production 7,244 kWh
  • Est. monthly savings $66
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 2.72 tons a year
  • Equivalent to planting 125 trees a year
  • Equivalent to driving 6,723 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $956 a year
Est. Price
$16,044
Savings from a 6kWthis system
  • Est. yearly production 8,692 kWh
  • Est. monthly savings $80
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 3.26 tons a year
  • Equivalent to planting 150 trees a year
  • Equivalent to driving 8,068 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,116 a year
Est. Price
$18,718
Savings from a 7kWthis system
  • Est. yearly production 10,141 kWh
  • Est. monthly savings $93
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 3.8 tons a year
  • Equivalent to planting 175 trees a year
  • Equivalent to driving 9,412 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,275 a year
Est. Price
$21,392
Savings from a 8kWthis system
  • Est. yearly production 11,590 kWh
  • Est. monthly savings $96
  • Full payback in 19 years
Environmental Impacts
  • Reduces CO2 emissions by 3.93 tons a year
  • Equivalent to planting 180 trees a year
  • Equivalent to driving 9,720 mi less a year

Morris Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. If you think you might be eligible, try our REAP Grant eligibility tool to check your qualification.

With the 30% federal income tax credit, nearly all homeowners are eligible for residential solar, making it a practical option in many regions in the United States. Moreover, several state and local efforts are in place to further boost the adoption of solar energy.

Multiple utilities and government bodies 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?

If you expect living in your home longer than the solar system's payback period, adding solar panels is an smart decision in Morris. By installing a 5 kW solar system in Morris, MN, you can expect to save roughly $9,703.6 over 20 years, with the break even point generally being 12 years.

The cost of not having solar panels in Morris, MN

The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. The media has highlighted several cases where complete reliance on your utility isn't always the best scenario.

Lately, the average number of utility outages per customer in Morris has been 1.45 annually. The average duration of each outage is 143.82 minutes. During severe events like lightning strikes, wildlife damage, or overloaded power grids, these times can grow significantly longer.

Even without a backup battery, a solar panel system could relieve the strain of possible future power disruptions you may face.

Power Outages

Currently, 0 customers are being tracked in Stevens County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Morris, MN?

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt declines as the system size increases. Individuals often find that installing a solar system that can fully cover their electric bill is very advantageous. This method ensures increased savings.

Make & Model - Just like many products, solar panels are available in a variety of makes and models. The potential system preferences of your chosen installer make it essential to choose a highly rated installer. Choosing superior quality materials can result in a much better long-term experience for the buyer.

Solar Panel Type - For good reasons, monocrystalline panels have become the industry standard. Although they are costlier, they generate increased energy. Most installers utilize panels made of this material.

Your Property - Each property and home has its own unique features. Trees, uneven land, or other challenges may add to the difficulty of the installation. Currently, satellite images allow the majority of solar installers to evaluate your home and include these considerations into the preliminary cost estimate.

Labor Rates - Companies pay different wages to their employees, and these costs are eventually borne by the consumers. Higher reviews for services and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be affected by different local permitting and utility interconnection fees. That said, reputable local installers will be able to integrate these numbers into your preliminary 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 Morris?

All Energy Solar

St. Paul, MN(800) 620-3370

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

Core Development Group

(201) 825-2195

Services

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

Solar Farm

St. Paul, MN(651) 271-8410

Services

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

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Sundial Energy

St. Louis Park, MN(952) 922-8560

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

GRNE Solar

Palatine, IL(312) 859-3417

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Consulting on all things solar related.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

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

LightEdison

Denver, CO(888) 966-6377

Services

  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Auditing of energy requirements for 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.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

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

Morris, MN Solar Panel Cost FAQs

  • As of November, 2024, the average per-watt cost for solar panels in Morris, MN is $3.82/W. The approximate cost of a 5 kW solar panel system in Morris, MN, after deducting federal tax credits, is $13,370.
  • 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.
  • Cash payments offer the highest savings, yet numerous financing options now available for solar panels are cost-effective as well. Installers frequently offer financing options and will include them in your initial quotes.
  • Yes, the average 5 kW solar panel payback time in Morris, MN is 12 years, with expected savings of $9,703.6 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-04