Solar in Lakeville, MN
With Xcel Energy Minnesota's electricity at about 17.0¢ per kWh and 1,333 kWh of sun per kW, solar is not worth it for a typical Lakeville home today: about a 16.5-year payback.
- Payback, typical home
- 16.5 yrsMinnesota: 16.8 yrs
- 25-year net
- $13,210after paying $19,750
- Sun
- 1,333kWh per kW per year
- Electricity
- 17.0¢5% below U.S. average
A typical Lakeville home, by the numbers
| Utility | Xcel Energy Minnesota |
|---|---|
| Electricity use | 615 kWh a month |
| Best-value system | 5 kW, about 12 panels, 6,663 kWh a year (90% of use) |
| Cost | $19,750 |
| First-year savings | $1,133 |
| Payback | 16.5 years |
| Exported power | Full retail net metering (Xcel Energy Minnesota) |
Cash purchase, no federal credit, 2.7% yearly rate increases. Run it with your own numbers.
Homes in Lakeville
- Owner-occupied homes
- 88%
- Single-family detached
- 72%
- Median home value
- $453k
- Median year built
- 1999
- Population
- 74,354
- Roofs suitable for solar†
- 90%
Census ACS 2020–2024. †Share of 16,807 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Installers working in Lakeville
Public installation records for Minnesota don't name installers, so we can't rank local companies here. Browse installers in Minnesota.
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Lakeville
Is solar worth it in Lakeville, MN?
For a typical home in Lakeville, solar is not worth it at 2026 prices: a 5 kW system costs about $19,750 after state incentives, saves about $1,133 in year one and pays back in about 16.5 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Lakeville?
About 1,333 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 0% more than the Minnesota average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Lakeville?
Most homes in Lakeville are served by Xcel Energy Minnesota, at about 17.0¢ per kWh on average. Some areas are served by Dakota Electric Association.
How much do solar panels cost in Lakeville?
A fair cash price is around $3.75 per watt before incentives, so about $19,750 for a 5 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Apple Valley 16.5 yrs
- Burnsville 16.3 yrs
- Savage 16.6 yrs
- Prior Lake 16.4 yrs
- Rosemount 16.4 yrs
- Eagan 16.6 yrs
- Bloomington 16.5 yrs
- Shakopee 16.2 yrs
- All of Minnesota
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.