Solar Panel Cost & Installation Data in Minnesota
Observed Records
16,804
Reported Capacity
1,524 MW
Observed Avg Cost
$4.25/W
Median: $3.96/W
Dataset Rank
#15
85% residential
15.45¢
Residential Rate (EIA 2024)
4h
Peak Sun Hours/Day
21.9 yrs
Est. Payback Period
$17,595
Est. Annual Savings
Environmental & Community Impact
- CO₂ Offset/Year
- 1,703,310 tons
- CO₂ Offset/System/Year
- 75.1 tons
- Installations per 10K Residents
- 29.5
- State Population
- 5,695,292
- Est. Annual Production/System
- 113,883 kWh
Estimates use average system size, a 4h/day state solar-resource proxy and a 14% system-loss assumption. Payback excludes financing and incentives. Context sources: NREL, EIA and EPA eGRID (0.709 metric tons CO₂/MWh).
System Overview
- Avg System Size
- 90.7 kW
- Third-Party Owned
- 0.5%
Cost Trend ($/W)
Avg Cost per Watt
Installation Growth (Last 5 Years)
1.2K1,2432019
1.2K1,2372020
1.6K1,6452021
1.8K1,7802022
3.4K3,4362023
Installer Names in the Source Records
| Installer | Observed Records |
|---|---|
| redacted | 14,664 |
| -1 | 675 |
| All Energy Solar | 514 |
| Innovative Power Systems | 140 |
| Ideal Energies | 99 |
| Powerfully Green | 95 |
| Aquilla Solar Corporation | 78 |
| Self | 62 |
| Novel Energy Solutions | 59 |
| Trunorth Solar | 56 |
Panel Brands in the Source Records
| Brand | Observed Records |
|---|---|
| Alps Technology | 6,672 |
| -1 | 3,531 |
| REC Solar | 886 |
| LG Electronics Inc. | 731 |
| Itek Energy LLC | 491 |
| United Renewable Energy Co., Ltd. | 389 |
| Heliene | 356 |
| TenKSolar | 351 |
| Jinko Solar | 329 |
| Hanwha Qcells | 318 |
County Records - Minnesota
Minnesota Solar Incentives
State-program snapshot
Is Solar Worth It in Minnesota?
Modeled homeowner analysis
Primary dataset: LBNL Tracking the Sun 2024 release. Counts represent records in the source release, not a complete statewide census.