Solar Savings Calculator for Woodbury, MN

Homeowners in Woodbury pay an average of $140/month for electricity through Xcel Energy. With 4 peak sun hours per day, solar panels can significantly reduce your energy costs.

$140
Avg Monthly Bill
15.5¢/kWh
Electricity Rate
4h/day
Peak Sun Hours
$43,080
Est. 25-Year Savings

Calculate Your Savings in Woodbury

Adjust Your Details for Woodbury, MN

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Your Estimated Solar Savings

System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$22,040
Federal Tax Credit (30%)
-$6,612
Net Cost
$15,428
Annual Savings
$1,680
Payback Period
9.2 years
25-Year Savings
$43,080
Return on Investment
279%

* Estimates based on 4 peak sun hours/day in Woodbury, MN, system cost of $2.9/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Woodbury

Utility & Permits

Utility Company
Xcel Energy
Permit Cost
$325
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
7.6 kW
Panel Count
19 panels
Gross Cost
$22,040
Net Cost (after credits)
$15,428

Available Incentives for Woodbury, MN

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Minnesota Solar*Rewards Program

Xcel Energy incentive program for residential solar installations.

Performance-based incentive

Other Cities in Minnesota

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