Cost & Savings Breakdown
Based on $150/month electric bill in Maple Grove
System Size
8.8 kW
Annual Production
11,318 kWh
Gross System Cost
$27,308
Federal Tax Credit (30%)
-$8,192
State Incentive
-$1,500
Net Cost
$17,616
Monthly Savings
$122
CO₂ Offset/yr
10,412 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityXcel Energy MN
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit120% of annual consumption
Electricity Rate$0.129/kWh
Peak Sun Hours4.4 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,500
Minnesota State Incentive — Minnesota offers a Solar*Rewards program rebate.
Common Questions
How much does solar cost in Maple Grove?
Solar in Maple Grove, Minnesota costs approximately $27,308 for a 8.8 kW system. After the 30% federal tax credit, your net cost is about $17,616.
What is the solar payback period in Maple Grove?
The estimated payback period for solar in Maple Grove is 12.1 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does Xcel Energy MN offer net metering?
Xcel Energy MN offers Full Retail net metering. Full retail rate.