Is Solar Worth It in Minneapolis, MN?
A data-driven analysis based on Minneapolis's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Minneapolis
With a 9.2-year payback and 277% ROI, solar is an excellent investment in Minneapolis.
9.2 years
Payback Period
$40,549
25-Year Savings
277%
Return on Investment
$14,616
Net System Cost
$132
Monthly Savings
$1,584
Annual Savings
7.2 kW
System Size
$835
Home Value Boost
Why Solar Works in Minneapolis
- +Full net metering — get retail credit for excess energy
- +SRECs available — earn additional income from solar production
- +Estimated $835 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
No significant drawbacks for solar in Minneapolis.
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