Is Solar Worth It in Minot, ND? (2026 Analysis)

Detailed solar ROI analysis for Minot, North Dakota. With 4.5 peak sun hours and electricity at $0.1/kWh, here is what you can expect from going solar.

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$13,195 20-Year Savings
9 yrs Break-Even Timeline
$9,800 Net Cost After Incentives
4.5 hrs Peak Sun Hours/Day
$0.1/kWh Electricity Rate (increasing)
48,639 Population

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20-Year Solar Savings Projection for Minot

This projection is based on a 7 kW system with 4.5 peak sun hours and $0.1/kWh electricity rate.

PeriodCumulative SavingsNet PositionStatus
Year 1$1,150$-8,650Paying off
Year 2$2,300$-7,500Paying off
Year 3$3,450$-6,350Paying off
Year 4$4,600$-5,200Paying off
Year 5$5,750$-4,050Paying off
Year 7$8,050$-1,750Paying off
Year 9$10,350$550Profitable
Year 11$12,650$2,850Profitable
Year 16$18,400$8,600Profitable
Year 20$23,000$13,200Profitable

Estimates assume stable electricity rates. Actual savings may increase as rates rise.

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$0 down options available. Own your system and claim the 30% federal tax credit. Save up to $1,150/year.

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Solar Investment Breakdown for Minot

Gross System Cost 14000
Federal Tax Credit (30%) 4200
State Incentives 0
Net Cost 9800
Annual Savings 1150

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Local Solar Incentives in Minot

Local Programs: Federal ITC plus applicable state and local incentives

Electricity Trend: Rates in Minot are currently increasing. Solar locks in your energy costs and provides a hedge against future rate increases.

State Incentives: North Dakota offers net metering (partial). See all North Dakota incentives.

Financing Options for Minot Homeowners

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CashBest ROI. Own immediately.
LoanOwn system + tax credits.
Lease/PPA$0 down. Lower savings.

Best Solar Providers in Minot

ProviderTypeHighlightRatingAction
EnergySageMarketplaceCompare Minot installers4.8/5Get Quotes
SunrunInstaller$0 down solar in ND4.5/5View Plans
SunPowerPremiumHighest efficiency panels4.6/5Get Quote

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Frequently Asked Questions

Yes. With 4.5 average peak sun hours per day and electricity rates at $0.1/kWh (increasing trend), solar is a strong investment in Minot. The estimated 20-year savings is $13,195 with a break-even period of approximately 9 years.
The average solar installation in the Minot area costs approximately $14,000 for a 7 kW system before incentives. After the 30% federal tax credit and state incentives, the net cost drops to approximately $9,800.
Federal ITC plus applicable state and local incentives The 30% federal Investment Tax Credit (ITC) is available to all Minot homeowners. Check your specific state and utility for additional programs.
A typical home in Minot uses a 7 kW system (approximately 18 panels). This produces roughly 11,498 kWh per year based on 4.5 peak sun hours per day.
Electricity rates in Minot are currently increasing. The current average rate is $0.1/kWh. Solar locks in your energy costs and protects against future rate increases.

SolarSavingsAI Research Team

Solar Energy Analysts

Our team analyzes solar incentive data from federal (DOE, IRS), state (DSIRE), and utility sources to provide accurate savings estimates. Data is reviewed quarterly and cross-referenced with NREL benchmarks.

Sources: DOE, IRS, DSIRE, NREL, EIA Updated: 2026 Full Methodology Editorial Standards

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