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Minnesota Solar Panels: Pricing and Incentives

Written by Erin Gobler/

Edited by Caitlin Ritchie

Last updated 01/06/2023

Get an estimate of solar cost and savings at your home.

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Like many states, Minnesota has experienced an increase in solar power installations in recent years across residential, commercial, and community solar. Minnesota ranks in the top half of states for solar power, and the solar industry has created thousands of jobs in the state.

If you live in Minnesota, you might be considering installing residential solar panels. Investing in solar power for your home could help lower your energy costs and reduce your carbon footprint.  Keep reading to learn more about the cost and benefits of solar power and whether it’s right for your energy needs.

Ready to go solar? Call 866-571-4821 to be connected with a solar expert today!

Solar power FAQs

  • The cost of solar panels depends on the size, configuration, and components in your system, as well as local labor and permitting costs. On average, residential solar systems cost about $31,550.

  • Solar panels can be an excellent investment, but they aren’t right for everyone. They may not be worth the cost for those whose homes don’t get a lot of sunlight or consumers who will sell their home before the payback period ends. However, a home solar system can be a great investment if it aligns with your energy needs because it can lower your energy costs and increase your home’s value.

  • The amount you can save by investing in solar depends on your current energy usage and how much solar power your panels produce. Minnesota residents paid an average electricity bill of about $98.50 per month in December 2021. As a result, you could save up to $1,320 per year, not including other financial incentives and the increase in your home’s value.

  • There are a variety of solar panel installers operating in Minnesota. Finding the best solar company in your area will depend on the size and type of system you want, your budget, and your installation timeline. Use the SaveOnEnergy solar resources to learn more about solar power in Minnesota and confidently find a good solar panel installer.

  • Unlike traditional power sources like coal or oil, solar energy generation doesn’t emit carbon dioxide into the atmosphere when it is converted into electricity. Greenhouse gasses like carbon dioxide have been linked to climate change and are considered harmful for the environment. Solar energy is a green, renewable power source that does not release carbon dioxide into the environment, making it a better environmental resource.

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