Is Solar Worth It in Minneapolis, MN? (2026 Analysis)
Detailed solar ROI analysis for Minneapolis, Minnesota. With 4.3 peak sun hours and electricity at $0.13/kWh, here is what you can expect from going solar.
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20-Year Solar Savings Projection for Minneapolis
This projection is based on a 7 kW system with 4.3 peak sun hours and $0.13/kWh electricity rate.
| Period | Cumulative Savings | Net Position | Status |
|---|---|---|---|
| Year 1 | $1,428 | $-8,932 | Paying off |
| Year 2 | $2,856 | $-7,504 | Paying off |
| Year 3 | $4,284 | $-6,076 | Paying off |
| Year 4 | $5,712 | $-4,648 | Paying off |
| Year 5 | $7,140 | $-3,220 | Paying off |
| Year 7 | $9,996 | $-364 | Paying off |
| Year 9 | $12,852 | $2,492 | Profitable |
| Year 11 | $15,708 | $5,348 | Profitable |
| Year 16 | $22,848 | $12,488 | Profitable |
| Year 20 | $28,560 | $18,200 | Profitable |
Estimates assume stable electricity rates. Actual savings may increase as rates rise.
Explore Solar Financing for Minneapolis
$0 down options available. Own your system and claim the 30% federal tax credit. Save up to $1,428/year.
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Solar Investment Breakdown for Minneapolis
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Local Solar Incentives in Minneapolis
Local Programs: Federal ITC plus applicable state and local incentives
Electricity Trend: Rates in Minneapolis are currently increasing. Solar locks in your energy costs and provides a hedge against future rate increases.
State Incentives: Minnesota offers net metering (full). See all Minnesota incentives.
Financing Options for Minneapolis Homeowners
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Best Solar Providers in Minneapolis
| Provider | Type | Highlight | Rating | Action |
|---|---|---|---|---|
| EnergySage | Marketplace | Compare Minneapolis installers | 4.8/5 | Get Quotes |
| Sunrun | Installer | $0 down solar in MN | 4.5/5 | View Plans |
| SunPower | Premium | Highest efficiency panels | 4.6/5 | Get Quote |
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Your Local Utilities in Minnesota
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