Solar Panels in
Montgomery, MN

Updated 6/18/2022

How much do solar panels cost in Montgomery, MN in 2022?

As of June 2022, the average solar panel cost in Montgomery, MN is $3.18/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Montgomery, MN ranges in cost from $13,515 to $18,285, with the average gross price for solar in Montgomery, MN coming in at $15,900. 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 Montgomery, MN

System Size System Cost System Cost (after ITC)
3 kW $9,540 $7,060
4 kW $12,720 $9,413
5 kW $15,900 $11,766
6 kW $19,080 $14,119
7 kW $22,260 $16,472
8 kW $25,440 $18,826
9 kW $28,620 $21,179
10 kW $31,800 $23,532

2022 average solar panel cost graph in Montgomery, MN

for a 5kW system

Great Price
$13,515 or less
Market Average
Above Market
$18,285 or more
Note: Showing cost data for Le Sueur 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

12.88 Years

20-Year Savings


Cost per Watt


solar quote comparison on a computer

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