Solar Panels in
Cosmos, MN

Updated 11/28/2020

How much do solar panels cost in Cosmos, MN in 2020?

As of December 2020, the average solar panel cost in Cosmos, MN is $3.28/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Cosmos, MN ranges in cost from $13,940 to $18,860, with the average gross price for solar in Cosmos, MN coming in at $16,400. 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 Cosmos, MN

System Size System Cost System Cost (after ITC)
3 kW $9,840 $7,282
4 kW $13,120 $9,709
5 kW $16,400 $12,136
6 kW $19,680 $14,563
7 kW $22,960 $16,990
8 kW $26,240 $19,418
9 kW $29,520 $21,845
10 kW $32,800 $24,272

2020 average solar panel cost graph in Cosmos, MN

for a 5kW system

Great Price
$13,940 or less
Market Average
$16,400
Above Market
$18,860 or more
Note: Showing cost data for Meeker 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

13.77 Years

20-Year Savings

$23,157

Cost per Watt

$3.28

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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.