Solar Savings Calculator for Minnesota

Minnesota homeowners pay an average of $130/month for electricity at 15.5¢/kWh. With 4 peak sun hours per day, solar can dramatically cut your energy costs.

$130
Avg Monthly Bill
15.5¢/kWh
Electricity Rate
4h/day
Peak Sun Hours
$39,713
Est. 25-Year Savings

Calculate Your Savings in Minnesota

Adjust Your Details for Minnesota

$
$50$1,000
50010,000
5¢50¢

Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,880
Federal Tax Credit (30%)
-$6,264
Net Cost
$14,616
Annual Savings
$1,560
Payback Period
9.4 years
25-Year Savings
$39,713
Return on Investment
272%

* Estimates based on 4 peak sun hours/day in Minnesota, system cost of $2.9/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in Minnesota

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Minnesota Solar*Rewards Program

Xcel Energy incentive program for residential solar installations.

Performance-based incentive

Cities in Minnesota

Select your city for a more precise estimate with local electricity rates and utility information.

Minneapolis

15.8¢/kWh · 4h sun/day

Avg bill: $132/mo · Xcel Energy

St. Paul

15.5¢/kWh · 4h sun/day

Avg bill: $128/mo · Xcel Energy

Rochester

15.2¢/kWh · 3.9h sun/day

Avg bill: $130/mo · Rochester Public Utilities

Bloomington

15.5¢/kWh · 4h sun/day

Avg bill: $132/mo · Xcel Energy

Duluth

15.8¢/kWh · 3.6h sun/day

Avg bill: $125/mo · Minnesota Power

Plymouth

15.5¢/kWh · 4h sun/day

Avg bill: $138/mo · Xcel Energy

Woodbury

15.5¢/kWh · 4h sun/day

Avg bill: $140/mo · Xcel Energy

More Solar Resources for Minnesota

Minnesota Solar IncentivesTax credits, rebates, and SRECsMinnesota Cost ComparisonSolar vs. grid costs over 25 yearsMinnesota System SizingHow many panels your home needsMinnesota Permits & RegulationsLocal permit requirements and HOA rulesIs Solar Worth It in Minnesota?Data-driven analysis for your stateMinnesota Financing OptionsCompare loans, leases, and PPAs

Go Solar in Minnesota

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