Is Solar Worth It in Minot, ND?
A data-driven analysis based on Minot's electricity rates, sun exposure, and available incentives.
Solar Is Marginally Worth It in Minot
Solar pays for itself in 11.3 years with a 209% ROI. Consider your long-term plans.
11.3 years
Payback Period
$33,910
25-Year Savings
209%
Return on Investment
$16,240
Net System Cost
$120
Monthly Savings
$1,440
Annual Savings
8 kW
System Size
$928
Home Value Boost
Why Solar Works in Minot
- +Full net metering — get retail credit for excess energy
- +Estimated $928 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
- -Lower electricity rates (12.2¢/kWh) mean smaller immediate savings
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