How much do solar panels cost in Minnesota?

In Minnesota, solar panel installation averages about $2.84 per watt. For a typical $150 monthly electric bill, a 8.5 kW system (22 panels) costs approximately $24,992 before incentives, or $17,494 after the 30% federal tax credit.

Is solar worth it in Minnesota?

Yes — with 4.61 peak sun hours per day and 16.4¢/kWh electricity rates, solar in Minnesota typically pays for itself in 9.4 years. The rating is Moderate.

Solar Panel Cost & Savings in Minnesota (2026)

Quick Minnesota Solar Facts

4.61

Peak Sun Hours/Day

16.4¢

Electricity Rate

$2.84

Install Cost/Watt

9.4 yrs

Avg Payback

In Minnesota, a typical 8.5 kW system (22 panels) costs approximately $17,494 after the 30% federal tax credit. With 4.61 peak sun hours per day and 16.4¢/kWh electricity rates, annual savings average $1,869 with a payback period of 9.4 years. Rating: Moderate. Source: NREL PVWatts v8 (PSH), US EIA July 2026 (rates), SEIA/EnergySage Q1 2026 (costs).

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How many solar panels do I need in Minnesota?

For a typical home with a $150 monthly electric bill in Minnesota, you need about 22 panels (8.8 kW system). Your exact number depends on your specific monthly usage and roof orientation.

What solar incentives are available in Minnesota?

Every US homeowner qualifies for the 30% federal Investment Tax Credit (ITC) through 2032. Many states also offer additional incentives — check our main calculator's Incentives tab for Minnesota-specific rebates, tax credits, and net metering policies.

Is Minnesota a good state for solar?

Minnesota has 4.61 peak sun hours per day (U.S. average: 4.98). With electricity at 16.4¢/kWh (U.S. average: 18.83¢/kWh), solar in Minnesota typically pays for itself in 9.4 years. Overall rating: Moderate.