Estimate the Cost of Going Solar

The price of going solar is decreasing thanks to improved technology and lower material costs. The cost/watt of solar power for homes located in Faribault Metro is $4.79, compared to the national average of $4.02 and is decreasing by 47 cents per year. Meanwhile, the average cost of solar panels and installation in Faribault Metro is $33,394.

What Size is Your Home?

Select the approximate size of your home by the number of bedrooms to see estimates of the system size, cost, and pay-off time:

System Size

7.8 kW

System Cost

$30,350

Pay-off Time

13 Years

How Much Could You Save with Solar?

Speak to a top installer and find out today!

Rebates and Savings

Faribault mn residents who switch to solar are eligible for these local, state and federal tax programs.

Program NameProgram TypeAmount
Residential Renewable Energy Tax CreditTax Credit30% before 2020 26% during 2020 22% during 2021
Residential Energy Conservation Subsidy Exclusion (Personal)Tax ExemptionFull rebate amount excluded from taxable income
Made in Minnesota Solar PV Incentive ProgramPerformance Incentive$.23-.30; 10 year contract
Net MeteringUtility CreditExcess power credited to customer's next bill or paid for at average retail utility energy rate.
Wind and Solar-Electric (PV) Systems ExemptionProperty Tax ExemptionExclusion for 100% of the assessed value of eligible property
Solar Energy Sales Tax ExemptionSales Tax ExemptionExemption for full amount of equipment purchase