Cost of solar panels in
Lake Elmo, MN

Updated 6/8/2019

How much do solar panels cost in Lake Elmo, MN in 2019?

As of June 2019, the average solar panel cost in Lake Elmo, MN is $3.19/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Lake Elmo, MN ranges in cost from $13,558 to $18,342, with the average gross price for solar in Lake Elmo, MN coming in at $15,950. After accounting for the 30% 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.

2019 average solar panel cost graph in Lake Elmo, MN

for a 5kW system

Great Price
$13,558 or less
Market Average
$15,950
Above Market
$18,342 or more
Note: Showing cost data for Washington County, MN.

Solar installation costs do not include the 30% Federal Investment Tax Credit or local incentives. Learn more about local MN rebates and incentives.

Payback Period

7.60 Years

20-Year Savings

$38,699

Cost per Watt

$3.19

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True Cost of Solar Guide™ for Minnesota

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