Solar Panel Cost in Minnesota (2026)
In Minnesota, home solar installs for roughly $2.80/watt in 2026. A typical 8 kW system runs about $22,400, with an estimated payback near 13.8 years at the state's ~15¢/kWh electricity rate.
| System size | Est. cost | Est. annual savings | Payback |
|---|---|---|---|
| 6 kW | $16,800 | $1,200/yr | 13.8 yrs |
| 8 kW | $22,400 | $1,600/yr | 13.8 yrs |
| 11 kW | $30,800 | $2,200/yr | 13.8 yrs |
Estimates use ~$2.80/watt installed and Minnesota's ~15¢/kWh rate. Before any state/local incentives.
Minnesota solar notes
Minnesota mandates net metering and Xcel's Solar*Rewards adds production incentives; cold clear winters actually aid panel efficiency despite shorter days.
Heads up: the 30% federal tax credit for purchased home solar ended Dec 31, 2025. Leased/PPA systems may still qualify through 2027, and Minnesota may offer its own incentives — check locally.
Get a personalized estimate for your bill
Open the solar calculator →