Calculate how much it will cost to install solar panels for your home in Bismarck
Our estimates used by
Solar power in Bismarck, North Dakota
Montana-Dakota Utilities Company (MDU) offers its Bismarck customers net metering.
Bismarck residents can also take advantage of the federal solar tax credit. The tax credit covers a percentage of the cost of a solar system and is applied to your federal income taxes. In some cases, the credit could wipe out your entire tax bill for a year!
The combination of the federal tax credit and MDU’s net metering program can provide you with a great return on investment when installing a solar system in North Dakota.
Net Metering Broken Down
MDU will pay its solar customers for any excess electricity their solar system generates at the avoided cost rate of electricity. The avoided cost rate is less than the retail rate, however, this is still extra money in your pocket that you can put towards future utility bills.
The average cost of installing residential solar panels in Bismarck,
North Dakota in 2023 is
$2.44 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Bismarck, ND
is $12,200.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in North Dakota is only 1014kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Bismarck solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our North Dakota solar savings calculator can do this because it contains a database of the electric rates charged by Capital Electric Coop Inc, KEM Electric Coop Inc, MDU Resources Group Inc, Otter Tail Power Co
How much can solar panels save you in Bismarck
What does the cost of a real solar system look like?
Facts about installing a 8.86kW solar system in Bismarck, ND
This system would offset 100% of your energy usage if your typical monthly bill is $108, however your situation may vary so try our Bismarck solar calculator to get a result tailored to you.
$13,210
Net cost of system
8 Years 6 Months
Average payback time
12,000 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
19¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 8.86kW system
Life-time savings on this system over the next 25 years
$38,560
(Prices shown after repayments of capital)
Average total cost of solar panel installation in Bismarck
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $5,838 | $6,305 |
| 4kw | $7,476 | $8,074 |
| 5kw | $8,960 | $9,677 |
| 6kw | $10,248 | $11,068 |
| 7kw | $11,417 | $12,330 |
| 8kw | $12,432 | $13,427 |
| 9kw | $13,293 | $14,356 |
| 10kw | $14,000 | $15,120 |
Find out what system size you need for your home
Going solar in North Dakota
Check out all of the ways energy providers of North Dakota can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Net Metering | State | Net Metering |
| Renewable Energy System Tax Exemption | State | Property Tax Incentive |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
