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Best 5 Solar Companies in Minnetonka, MN

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Written By Max Peterson | Last Updated: February 05, 2024

Minnetonka residents are committed to protecting the environment and embracing sustainability. That includes using alternative energy sources like solar. While going solar comes with upfront costs, local homeowners could ultimately save $970 per kilowatt on their electric bills. A professional technician can help you select the best panels to maximize your savings. Discover Minnetonka's top-rated solar companies and learn key decision-making tips on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons

Top Minnetonka Solar Companies

SolarPod Logo

SolarPod

4.5/5
Based on 30 customer reviews.

Services Offered

Residential Panels Commercial Panels Maintenance Off-Grid Solar Systems Grid-Tied Solar System

Highlights

  • Prompt service delivery
  • Free quotes
  • Reliable customer support
2915 133rd St W, Shakopee, MN 763-404-7580 mysolarpod.com
Everlight Solar Logo

Everlight Solar

4.4/5
Based on 196 customer reviews.

Services Offered

Consultation Residential Panels Permit Assistance

Highlights

  • Reliable customer support
  • Informative resources
  • Prompt service delivery
7369 Hwy 13 W, Savage, MN 612-355-1269 everlightsolar.com
US Solar - United States Solar Corporation Logo

US Solar - United States Solar Corporation

4.4/5
Based on 115 customer reviews.

Services Offered

Residential Panels Community Solar Projects

Highlights

  • Reliable customer support
  • Clear pricing policy
  • Informative resources
100 N 6th St #410b, Minneapolis, MN 612-260-2230 us-solar.com
TruNorth Solar Logo

TruNorth Solar

4.6/5
Based on 28 customer reviews.

Services Offered

Maintenance Residential Panels Commercial Panels

Highlights

  • Informative resources
  • Clear pricing policy
3735 Dunlap St N, Arden Hills, MN 612-888-9599 trunorthsolar.com

More Local Solar Companies

Cedar Creek Energy

User Reviews: 4.7/5 

10361 Jamestown St NE
Blaine, MN 55449

iSolar

User Reviews: 4.6/5 

455 Broadway Ave
St Paul Park, MN 55071

Wolf River Electric Company

User Reviews: 5/5 

101 Isanti Parkway Northeast Suite G
Isanti, MN 55040

Everlight Solar

User Reviews: 4.1/5 

10501 Winnetka Ave N Suite 170
Brooklyn Park, MN 55445

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

Our team used the following criteria to determine the best Minnetonka solar companies.

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Facts about Minnetonka
Average Max Temp: 53°F
Solar Payback Period: 11.6 years
Average Daily Sunlight: 51%
Homes Powered by Solar: 1,840
Average Annual Energy Bill: $1,279
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy provides multiple advantages that will enhance your home for years to come.

  • Better energy independence: Solar panels can keep your home functioning through blackouts and emergencies. You can use your solar energy anytime with optional battery backup.
  • Reduced carbon footprint: Adopting solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
  • Reduced energy costs: Producing some or all of your own electricity will save you money on your electric bills long-term.

What Solar Incentives Are Available to Minnetonka Homeowners?

Governments and power companies often incentivize homeowners for switching to solar. Here are some of the rebates, tax credits or other programs you could qualify for.

Incentive Type: Performance-Based Incentive

Website: xcelenergy.com

Incentive Amount:

Systems 0.5 kW - 25 kW: $0.005/kWh
Medium-sized Systems 25.1-500 kW: $0.0375/kWh
Large Systems (>500kW): Determined through competitive bid

Incentive Type: Sales Tax Incentive

Incentive Amount:

100% exemption

Incentive Type: Property Tax Incentive

Incentive Amount:

Solar: 100% exemption from real property taxes
Wind: 100% exemption from real and personal property taxes

Incentive Type: Sales Tax Incentive

Incentive Amount:

100% of sales tax

Incentive Type: Rebate Program

Website: xcelenergy.com

Incentive Amount:

Refrigerator/Freezer Recycling: $50
Natural Gas Furnace Existing Home: $200-$400
Natural Gas Furnace New Construction: $100-$200
Natural Gas Hot Water Boiler: $100-$400
ECM Furnace: $100
Central AC: $150-$450
Tank Water Heater: $75-$500
Tankless Water Heater: $250
Attic/Wall Insulation: 30% of project cost
Air Sealing: $150-$200
Furnaces: $200-$425
Boilers: $125-$400
ECM Motor Furnace Fan: $125
Programmable Thermostat: $10
Heat Pumps: $175-$475
Water Heating: $100-$250
Clothes Washer: $10
Refrigerator: $15
Ground Source Heat Pump: $150/ton

Incentive Type: Rebate Program

Website: bpu.org

Incentive Amount:

Dishwasher: $35
Clothes Washer: $35
Electric Clothes Dryer: $35
Refrigerator: $35
Freezer: $35
Dehumidifier: $20
Room/Window A/C: $35
High Efficiency Electric Water Heater: $35
Central A/C Tune-Up: $35
Central A/C: $200-$350
Mini Split/Ductless A/C: $250
ECM Replacement Motor: $100
Furnaces: $200-$375
Heat Pump Water Heater: $250
Air Source Heat Pump: $250
Geothermal Heat Pump: $100/ton

Incentive Type: Grant Program

Website: xcelenergy.com

Incentive Amount:

Varies

Incentive Type: Loan Program

Website: connexusenergy.com

Incentive Amount:

$7,500
OR
$20,000

Incentive Type: Rebate Program

Website: energywisemn.com

Incentive Amount:

Varies by measure and member cooperative offering.

Incentive Type: Rebate Program

Website: whe.org

Incentive Amount:

Ground Source Heat Pump: up to $1,200
Quick Cash Air-Source Heat Pump: up to $900
Quick Cash Air Conditioning: up to $200
Peak Shave Water Heating: $15/kW
Quick Cash Water Heating: Up to $950
Metered Water Storage: $0.06/kWh
Ductless Air Source Heat Pump: $200
Quick Cash Water Storage: up to $300
Dual Fuel: $5/kW
Electric Thermal Storage (ETS) $5/kW
HVAC Electronically Commutated Motor: $50/motor
Pool Pumps: $200-$400

Incentive Type: Loan Program

Website: mncee.org

Incentive Amount:

$20,000

Incentive Type: Loan Program

Website: mnhousing.gov

Incentive Amount:

$15,000. Applicants may be eligible for higher loan and term amounts depending on income

Incentive Type: Performance-Based Incentive

Website: mn.gov

Incentive Amount:

1.5¢/kWh
1.0¢/kWh for certain hydro facilities in need of repair

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Minnetonka

The more thorough your company investigation is, the better your photovoltaic system will ultimately function. Here are some essential aspects to consider while shopping for a solar installer.

Licensing and Training

To install a new photovoltaic system in Minnesota, a contractor must have an electricians' or electrical contractors' license from the Department of Labor and Industry, along with a residential building or remodeling contractors' license in some cases. If their work is regulated by the state's Mechanical Code, they must carry a $25,000 minimum bond with the Department of Labor and Industry. You should also visit a company's website to learn about its private certifications. Two of the most recognized are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Minnetonka

Your solar modules' type will influence how much power you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.

If you'd like to charge an electric vehicle (EV) or use your solar power in inclement weather, you can pay extra for accessories. By selecting the right components, you can make your system more efficient and convenient to use. Not all solar providers include these optional components, so look for a provider that sells them if it's important for you.

A majority of Minnetonka homeowners choose solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $20,150 to set up, considering both parts and installation. You can see more specific cost information in the table.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,252
Solar Polycrystalline $976
Thin-Film $571
Solar Battery $801
Solar Home EV Charger $3,004

Financing Solar Energy in Minnetonka

Choosing the optimal financing solution will affect your overall solar system cost and potential savings. Common payment options include loans, power purchase agreements, leases, and cash payments. We recommend making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, as with an electric bill. We usually don’t recommend these two options because you won't own the solar system and are disqualified from using solar incentives. Look for providers that offer two or more payment plans to find the right fit for your pocket.

The table below lists the average payback periods for different capacities of solar systems in Minnetonka.

You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own financing plans and rebates that could reduce your total cost even more.

Solar System Capacity Estimated Payback period
1 kW 2.3 years
2 kW 4.6 years
5 kW 11.6 years
10 kW 23.1 years

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Frequently Asked Questions About Solar in Minnetonka

How much money could I save by going solar in Minnetonka?

On average, Minnetonka homeowners shell out around $1,279 per year on electric bills. Once you pay off your solar array, you could save $968.30 per kilowatt you produce.

Is solar energy common in Minnetonka?

Yes, solar energy is readily available in Minnetonka. A growing number of local homes already access solar power on-site or through utility grids, and Minnesota has about 4335 jobs forming its solar economy.

Will a solar PV system increase my Minnetonka home value?

Yes, new solar systems translate to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could increase your home's value by $12,000.

What is a Minnetonka solar panel's average lifespan?

Modern solar systems are built for longevity. The average unit provides 25 years of reliable power. Lower-cost panels tend to last shorter than top-tier models.

Is solar installation a quick job?

Your solar job's duration will depend on its complexity and size, as well as Minnetonka's permit and inspection procedures. It could take several weeks to a few months on average.

How long does it take to pay back a solar loan in Minnetonka?

The average payback period for a solar loan in Minnetonka is 14.6 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

What's the difference between a PPA and a solar lease?

Choosing a lease means your solar provider will handle panel maintenance while you make fixed monthly payments. Power Purchase Agreements differ slightly because you pay based on the electricity you produce.

You don't own the panels with either option, though you can choose to opt out of the contract for a fee.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources