Solar Savings Calculator for Minot, ND
Homeowners in Minot pay an average of $120/month for electricity through Xcel Energy. With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$120
Avg Monthly Bill
12.2¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$33,910
Est. 25-Year Savings
Calculate Your Savings in Minot
Adjust Your Details for Minot, ND
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8 kW
Panel Count
20 panels
Total System Cost
$23,200
Federal Tax Credit (30%)
-$6,960
Net Cost
$16,240
Annual Savings
$1,440
Payback Period
11.3 years
25-Year Savings
$33,910
Return on Investment
209%
* Estimates based on 4.2 peak sun hours/day in Minot, ND, 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 Minot
Utility & Permits
- Utility Company
- Xcel Energy
- Permit Cost
- $225
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 8 kW
- Panel Count
- 20 panels
- Gross Cost
- $23,200
- Net Cost (after credits)
- $16,240
Available Incentives for Minot, ND
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.
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