Solar Panels in
New Germany, MN

Updated 6/8/2019

How much do solar panels cost in New Germany, MN in 2020?

As of September 2020, the average solar panel cost in New Germany, MN is $3.10/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in New Germany, MN ranges in cost from $13,175 to $17,825, with the average gross price for solar in New Germany, MN coming in at $15,500. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in New Germany, MN

System Size System Cost System Cost (after ITC)
3 kW $9,300 $6,882
4 kW $12,400 $9,176
5 kW $15,500 $11,470
6 kW $18,600 $13,764
7 kW $21,700 $16,058
8 kW $24,800 $18,352
9 kW $27,900 $20,646
10 kW $31,000 $22,940

2020 average solar panel cost graph in New Germany, MN

for a 5kW system

Great Price
$13,175 or less
Market Average
$15,500
Above Market
$17,825 or more
Note: Showing cost data for Carver County, MN.

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local MN incentives, tax credits & rebates.

Payback Period

9.23 Years

20-Year Savings

$25,391

Cost per Watt

$3.10

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True Cost of Solar Guide™ for Minnesota

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Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.